EU regulators approve PPG purchase of SigmaKalon

11 December 2007 00:16  [Source: ICIS news]

HOUSTON (ICIS news)--EU regulators have approved the acquisition of the Netherlands-based SigmaKalon by PPG Industries, the US-headquartered paints, coatings and chemicals supplier said on Monday.

PPG is buying the European coatings supplier from private investment firm Bain Capital.

The transaction value, including assumed debt, is about €2.2bn ($3.2bn), PPG said.

PPG said it anticipates that the acquisition will close within the next 45 days.

($1.00=€0.68)

By: Brian Ford
+1 713 525 2653

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