# Knauf indirectly acquires 50% stake in Belgips via Volma LLC

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.

- Type: Acquisition
- Announced: 2017-12-28
- Where: Belarus, Belarus
- Status: announced
- Products: gypsum plasterboards
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Knauf](https://endata.com/companies/21151.md) (acquirer)
- [Belgips](https://endata.com/companies/23024.md) (target)
- [Corporation Volma LLC](https://endata.com/companies/29066.md) (target)

## Sources

- [ceelegalmatters.com](https://ceelegalmatters.com/deals-and-cases/7723-chsh-belarus-advises-knauf-on-indirect-acquisition-of-belgips), 2017-12-28: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.