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Knauf acquired a 50% stake in Corporation Volma LLC (Russia), which is a major shareholder of Belgips, a Belarusian gypsum plasterboard manufacturer. The transaction will also fund a new manufacturing facility for Belgips.
“By means of this acquisition Knauf will invest in the construction of the new manufacturing facility of Belgips and strengthen its market position in Belarus.”ceelegalmatters.com
Summarized from public sources; check the original articles before acting on it.