Sika Says It Has Agreed To Sell Selected MBCC Group Admixture Assets To Cinven
March 22 (Reuters) -Sika Ag SIKA.S:
SIKA HAS AGREED TO SELL SELECTED MBCC GROUP ADMIXTURE ASSETS TO CINVEN
FINANCIAL AND TRANSACTION PARAMETERS REMAIN LARGELY UNCHANGED
PARTIES AGREED TO TERMINATE CONTRACT, WHILE SIKA HAS AGREED TO SELL DISPOSAL PERIMETER TO INTERNATIONAL PRIVATE EQUITY FIRM, CINVEN.
TOGETHER WITH MBCC GROUP, SIKA EXPECTS TO GENERATE ANNUAL SYNERGIES OF CHF 160 TO 180 MILLION.
CMA HAS ALREADY APPROVED CINVEN AS A SUITABLE BUYER OF DISPOSAL PERIMETER
SIKA - UK CMA PROVIDED CO WITH NEGATIVE FEEDBACK REGARDING INEOS ENTERPRISES AS BUYER FOR DIVESTMENT OF MBCC GROUP'S CHEMICAL ADMIXTURES ASSETS
Source text for Eikon: ID:nGNE1d0MdZ
Further company coverage: SIKA.S
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