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Article: COMMISSION CLEARS BUY-OUT OF SHELL'S STAKE IN PLASTIC PIPE MAKER, WAVIN.
- Article from:
- European Report
- Article date:
- March 3, 1999
CopyrightCOPYRIGHT 1999 Europe Information Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European Commission has approved a deal giving the investment services firm CVC Capital Partners Group (CVC) joint control in the Wavin group, which makes plastic pipe systems and fittings, by acquiring a 50% shareholding from Shell Petroleum. The other 50% of the shares in Wavin are held by Waterleiding Maatschappij Overijssel (WMO), the water utility in the province of Overijssel in the Netherlands. Shell's shares in Wavin are being acquired via a ...
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