Amiantit unit completes acquisition of German firm

Amiantit unit completes acquisition of German firm
Updated 27 October 2014

Amiantit unit completes acquisition of German firm

Amiantit unit completes acquisition of German firm

International Infrastructure Development Management & Operation Company Ltd., a 100 percent subsidiary of the Amiantit Group, acquired the remaining 20 percent shares of PWT Wasser und Abwassertechnik GmbH (PWT) with its registration in Zwingenberg (Germany), bringing its total investment in this company from 80 percent to 100 percent of the shares.
The shares were purchased from the previous minority shareholders for a total value equivalent of approximately SR6.2 million, while the corresponding book value of such shares amounts to SR11.6 million.