Vidrala completes first transaction outside Europe with acquisition of remaining 70.3% stake in Brazil’s Vidroporto for €384m
Intermoney: Vidrala informed the National Securities Market Commission (CNMV) yesterday afternoon that it has acquired the entire share capital of the Brazilian company Vidroporto. The amount totals €384 million, including the €53 million paid in February for 29% of the company and the debt assumed from Vidroporto. Vidroporto operates two plants in Brazil, one in the northeast and one in the southeast, reaching a market share of >20%. For this…