India’s Rain Commodities buys Triton-owned Rütgers
Indian industrial group Rain Commodities has agreed to buy Rütgers, a German chemicals producer, from Northern Europe-focused private equity firm Triton. With an enterprise value of EUR702 million ($918 million), the deal is by some distance the largest ever acquisition in Germany by an Indian company.
The transaction is still subject to regulatory approval and is expected to close in the first quarter of 2013. Founded in 1849, Rütgers is Europe's leading producer of coal tar chemicals. It employs...
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