Rain CII Carbon LLC, an arm of Rain Commodities Ltd, has completed the €702-million acquisition of Belgium-based coal tar pitch manufacturer, Rutgers N.V.
The Hyderabad-based Rain Commodities said in a release on Saturday the transaction was funded through a combination of internal cash accruals and proceeds from the issue of senior secured notes.
The company announced the acquisition deal in October 2012.
More Like This
Published on January 5, 2013
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.