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Nippon Paint acquires JUB

 Last Update: 2021-11-13
 Source: Internet
 Author: User

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coating company

buy shares

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Sinochem Xinwang News Japan Nippon Paint Holdings (HD) recently announced that the company will invest 194.
5 million euros (approximately 25 billion yen) to acquire Sino-European architectural coatings JUB (Slovenia).
It is expected to complete the acquisition in the first half of 2022.
99.
8% of the company's shares
.
This is another major move taken by the company to accelerate its entry into the European market following the previously announced acquisition of Cromology, the fourth largest decorative coating manufacturer in France

Nippon Paint Holdings stated that it will not provide acquisition funds through borrowing from financial institutions, nor does it have plans to raise funds through the issuance of new shares
.
The remaining 0.

2% of individual investors’ shares are currently under negotiation and the ultimate goal is to buy them all

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