Article: COMMISSION CLEARS BUY-OUT OF SHELL'S STAKE IN PLASTIC PIPE MAKER, WAVIN.

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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