Viscofan to acquire up to 85% of Chinese firm Haiaos for €133m

Viscofan, through subsidiary Viscofan Technology, has reached a preliminary agreement to acquire up to 85% of Chinese company Haiaos, valuing it at €133 million (1 billion RMB), with the final price subject to net debt and working capital adjustments. The deal supports Viscofan's 'Beat'30' strategic plan to strengthen its presence in China and Asia-Pacific.

Detected & updated continuously · Source: Nebula