Companies in the timber industry / Daily News / Market Analysis / Wood Products / Wood-based panels / Europe / Global / North America
September 4, 2019
US investment group takes over Pfleiderer
On 21 August, the EU Commission approved the acquisition of a majority stake in Pfleiderer Group SA by US financial investor Strategic Value Partners, LLC (SVP) of Wilmington, Delaware. SVP therefore takes over 23,519,515 shares. The takeover bid was made on July 11 by Volantis Bidco BV, a subsidiary of SVP based in Amsterdam, for PLN 25.17 per share. With the takeover of shares by Volantis Bidco, SVP indirectly holds 34,237,630 shares in Pfleiderer and thus a majority share of 52.92 ...
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