Weir Group PLC
03 October 2005
3 October 2005
COMPLETION OF PURCHASE OF POMPE GABBIONETA S.p.A.
On 15 August 2005, The Weir Group PLC announced the signing of an agreement to
purchase 100% of the issued share capital of Pompe Gabbioneta SpA, a specialist
petrochemical pump business located in Milan, Italy. The transaction was
completed on 30 September 2005 when the consideration for the purchase of €100m
was paid in cash. The acquisition is in line with Weir's strategic objective to
grow its Clear Liquid business in higher margin, high growth specialist markets.
This information is provided by RNS
The company news service from the London Stock Exchange
FURBUBDGBXGGGUX
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.