Flügger gains majority stake in Eastern European paint group Eskaro
Flügger group A/S entered into an agreement to invest in Eskaro group gaining 70% of the shares in Eskaro Group AB, an international paint group with operations in Ukraine, Russia, Belarus, Estonia, Latvia and Finland. The company employs around 1,100 people and generates annual revenues of approximately DKK 420 million. The acquisition is awaiting approval by the competition authorities.
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