Italtile's acquisition of Ceramic Industries conditionally approved

Italtile's binding offer to acquire up to a further 73.5% of Ceramic Industries for R3.61 billion has been conditionally approved by the Competition Tribunal. The purchase consideration will be settled 50% in cash and 50% in Italtile shares.

“The Competition Tribunal announced that the merger has been conditionally approved.”sharenet.co.za

• 2 sources
• sharenet.co.zaITE - ITALTILE LIMITED - Update on Acquisition of Ceramic Industries Proprietary Limited ("Ceramic") - 22/08/2017Sharenet (Pty) LtdAug 22, 2017
• eprop.co.zaApproval of Italtile merger with Ceramic Industries and Ezee Tile - eProperty NewseProperty NewsSep 6, 2017

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