Rockwood agrees to sell CeramTec to Cinven for 1.49 bln eur

FRANKFURT, June 16 Sun Jun 16, 2013 8:13am EDT

FRANKFURT, June 16 (Reuters) - Rockwood Holdings said on Sunday it has entered into a definitive agreement to sell CeramTec, its Germany-based advanced ceramics business, to private equity firm Cinven for 1.49 billion euros.

A statement issued in Frankfurt said Cinven had obtained fully committed financing for the transaction, which is expected to close in the third quarter of this year following regulatory approvals.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.