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Hitt og þetta 7. september 2006

European Commission clears Wolseley Plcs acquisition of DT Group A/S

Nordic Business Report-September 7, 2006-European Commission clears Wolseley Plc's acquisition of DT Group A/S
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The European Commission said on Thursday (7 September) that it has cleared the UK-based building materials group Wolseley Plc's acquisition of the Danish building materials distributor DT Group A/S.

The acquisition was examined under the simplified merger review procedure.

Wolseley announced in July that it had agreed to acquire DT Group from the private equity firm CVC Capital Partners for EUR1,498m in cash. Wolseley also agreed to assume DT Group's debt of EUR484m.

DT Group has 8,000 employees and operations at some 256 locations in the Nordic region. The company reported revenues of EUR2.4bn in 2005.

One euro (EUR) is worth approximately 0.67 British pounds (GBP).

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Afmælistilboð VB

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