Financial Daily from THE HINDU group of publications
Friday, Nov 28, 2003
Financial Daily from THE HINDU group of publications Friday, Nov 28, 2003 |
|
|
|
|
|
Corporate
-
Mergers & Acquisitions Jindal Polyester acquires French co Our Bureau
Mumbai, Nov. 27 JINDAL Polyester Ltd has informed the Bombay Stock Exchange that it has concluded the acquisition of Rexor, S.A., France, through a subsidiary company, Jindal France SAS on Tuesday. The company was acquired for a cash consideration of 8.5 million euros. The acquisition was funded through an investment by Jindal Polyester, to the extent of the 3.6 million euros, and the balance raised through debt in Jindal France. Rexor, SA, is a 50-year-old profit-making French company that specialises in various types of coating of plastic films for special applications and has an annual capacity of 4,000 MT and annual sales of 28 million euros. Its major product lines consist of flexible packaging, graphic arts and technical films and threads.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|