Deceuninck is planning to acquire all the shares in the Turkish plastic mouldings manufacturer Pimas. According to a report dated 25 August, Pimas’ present majority shareholder Enka Insaat is first selling its 81.23% share to Deceuninck for TRY57.7m, roughly equivalent to €20.2m. Following the completion of this transaction, Deceuninck intends to acquire the remaining 18.77% by means of a mandatory public offer. The takeover is still subject to approval by the Turkish and Russian competition authorities and is to be con-cluded by the end of the year.
Deceuninck to buy Pimas
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