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BRIEF-Georg Fischer to acquire 49 pct stake of Urecon Ltd

Published 2017-07-18, 01:07 a/m
© Reuters.  BRIEF-Georg Fischer to acquire 49 pct stake of Urecon Ltd
GF
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July 18 (Reuters) - GEORG FISCHER AG FIN.S :

* TO ACQUIRE A PRE-INSULATED PIPE MANUFACTURER IN NORTH AMERICA

* IS TO ACQUIRE A STAKE OF 49% OF URECON LTD., COTEAU-DU-LAC (QUEBEC, CANADA)

* CLOSING OF DEAL IS ANTICIPATED FOR END OF JULY 2017

* PARTIES AGREED THAT GF TO TAKE COMMERCIAL AND OPERATIONAL LEAD AND TO ACQUIRE REMAINING SHARES NOT BEFORE 24 MONTHS AFTER TRANSACTION CLOSED

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