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Article: SSL acquires majority stake in BLBV, to buy second firm.(News)

Article from:
Rubber & Plastics News
Article date:
June 15, 2009
Copyright

Byline: Mike McNulty

SSL International P.L.C. has acquired control of Beleggingsmaatschappij Lemore B.V. from former majority shareholder Abraca, and plans to buy another company.

The condom and foot care product maker's stake in BLBV will increase to 50 percent plus one share from 15.5 percent, making it the new majority shareholder, according to a spokesman. SSL will pay about $99.8 million in the deal.

SSL acquired its initial shares in BLBV in May 2008.

The purchase will be funded from the company's existing loan facilities and cash, he said.

BLBV is a holding company that operates firms that package and distribute ...

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