03 July 2009 21:50 [Source: ICIS news]
This was the final regulatory approval needed after authorities in the
The company’s shareholders had approved in April.
NOVA expected to close the transaction on or about 6 July, it said. The deal was first announced in February.
NOVA is headquartered in the US, but it is originally a Canadian company and the bulk of its manufacturing is located in Canada.
In related news, the Financial Times reported on Friday that IPIC planned to raise $5bn in syndicated loan facilities to help finance the acquisition of NOVA, as well as its purchase of a stake in Spanish oil refiner Cepsa and other deals.
($1 = €0.71)
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