January 22, 2018 / 9:53 AM / 3 months ago

BRIEF-Orkla expands painting tools in the Netherlands and Belgium

Jan 22 (Reuters) - Orkla Asa:

* ORKLA HAS ENTERED INTO AN AGREEMENT TO INCREASE ITS OWNERSHIP TO A 50% STAKE IN THE JOINT VENTURE COMPANY ANZA VERIMEX NV

* AT THE SAME TIME, ORKLA WILL TAKE OVER 50% OF THE PAINTING TOOL OPERATIONS IN PGZ INTERNATIONAL B.V.

* THIS ACQUISITION WILL SIGNIFICANTLY STRENGTHEN ORKLA’S POSITION IN THE PAINTING TOOL SEGMENT IN BELGIUM AND THE NETHERLANDS

* THE COMPANIES ARE EXPECTED TO HAVE AN AGGREGATE TURNOVER OF JUST UNDER EUR 20 MILLION (APPROX. NOK 190 MILLION) IN 2017 AND HAVE AROUND 20 EMPLOYEES Source text: here Further company coverage: (Reporting By Oslo Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below