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Wienerberger Closes Takeover of Pipelife

Published: May 25, 2012; 10:52 · (Vindobona)

For a purchase price of € 162m, Wienerberger will increase revenues by approx. € 800m and EBITDA by approx. € 70m per year.

Wienerberger Closes Takeover of Pipelife / Picture: © Wienerberger

Wienerberger AG, the world’s largest producer of bricks, closed the takeover of Pipelife, one of the leading producers of plastic pipe systems in Europe, yesterday. Wienerberger has received unqualified approval from the antitrust authorities in the EU, Turkey and Russia for the full takeover of Pipelife. Pipelife will be fully consolidated as of June 1 (previously at-equity…

This article includes a total of 611 words.

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