Mexichem buys Wavin for ?531m

摘要

PIPES In a deal that creates a global plastic pipe manufacturing business with a turnover in excess of ?4bn, Wavin has accepted a bid of ?10.50 a share from Mexichem, the Mexican chemicals giant.The ?10.50 offer follows two unsuccessful attempts by Mexichem to buy Wavin tabled late last year and values the Netherlands-based group at around ?531m.