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Inversiones Mundial SA sells 50 pct stake in Tintas SA and Sinclair SA to Sun Chemical Group Cooperatief UA


Thursday, 2 Jan 2014 08:39pm EST 

Inversiones Mundial SA:Says on Jan. 2 the company, directly and through its subsidiaries Adinsa SAS, Centro de Servicios Mundial SAS and Cacharreria Mundial SAS, sold a 50 pct stake in Tintas SA and Sinclair SA to Sun Chemical Group Cooperatief UA.Says, before the transaction, Sun Chemical Group Cooperatief UA held a 50 pct stake in Tintas SA and Sinclair SA.Says the total price of the transaction ascended to $45 million.Says, thus, el Grupo Mundial continues to advance its strategy to focus on its four core business areas: paints (Pintuco SA), chemicals (Andercol SA), water (O-tek Internacional SA) and trade (Mundial SAS). 

Company Quote

13.26
0.46 +3.59%
11:01am EDT