Berger Paints To Acquire Bolix For $38.6 Million -Berger Paints Signs Agreement With Bolix SA to Acquire All Shares

Horoscope 2009

» Aries 2009

» Taurus 2009

» Gemini 2009

» Cancer 2009

» Leo 2009

» Virgo 2009

» Libra 2009

» Pisces 2009

Berger Paints India Ltd on Tuesday 29 April declared that it has inked an agreement to buy out Poland-based Bolix SA for $38.6 Million.

Berger Paints To Acquire Bolix For $38.6 Million

Last Updated: 29-04-2008 16:25:04 IST

Business

» With Cray, Intel Seeks Bigger Supercomputer Share

» Airtel Reduces STD And Roaming Rates

» Mars And Buffett May Acquire Wrigley For $22bn

» Reliance Globalcom Acquires 90% In UK's eWave World

» Sony Ties Up With 13 Developers To Boost Playstation2 Sales

The Berger Paints India Ltd on Tuesday, 29 April announced that it has inked a deal to buy out Poland-based Bolix S A (Bolix) for $38 million. Bolix happens to be a foremost supplier of external insulation finishing system and it has been acquired by Berger Paints in an all-share deal from Advent International, a global private equity group.

Berger announced that the takeover will take place via a fully-owned subsidiary and will be executed at an expected net purchase price of around $38.6mn. The company looks forwards to seeking clearance from Polish Anti-Monopoly Office to meet the acquisition formalities. Ernst and Young Private Ltd, India, was the financial advisor to Berger in this business deal.

Report typo or correction

See also: Airlines \| Airtel \| Auto Shows \| Banking & Finance \| BSNL \| Construction \| Energy \| Hyundai \| Indian Companies \| Inflation \| Infrastructure \| International Business \| Internet \| Jet Airways \| Maruti Suzuki \| Mobile \| ONGC \| Ranbaxy \| RBI \| Real Estate \| Reliance \| Reliance ADAG \| Tata Motors \| Telecom \| Toyota