Asahi Glass: To Buy 51% Stake In Germany's Interpane
20 Diciembre 2011 - 11:45PM
Noticias Dow Jones
Asahi Glass Co. (5201.TO) said Wednesday it has reached an
agreement to buy a 51% stake in Germany's Interpace Glas Industie
AG in a bid to increase its global presence.
The Tokyo-based company said it has concluded an accord with the
German maker of glass for use in buildings and solar battery
panels. The purchase is pending approval from anti-trust
authorities, but a spokesman said the company couldn't give details
such as the purchase price at the moment.
The spokesman said the company aims to complete the deal by the
end of April 2012.
With about 1,300 employees and annual sales of about EUR250
million, Interpane operates businesses in Germany, Austria and
France.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789;
Hiroyuki.Kachi@dowjones.com
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