July 18, 2017 / 5:08 AM / 5 months ago

BRIEF-Georg Fischer ‍to acquire 49 pct stake of Urecon Ltd

July 18 (Reuters) - GEORG FISCHER AG:

* ‍TO ACQUIRE A PRE-INSULATED PIPE MANUFACTURER IN NORTH AMERICA​

* ‍IS TO ACQUIRE A STAKE OF 49% OF URECON LTD., COTEAU-DU-LAC (QUEBEC, CANADA)​

* ‍CLOSING OF DEAL IS ANTICIPATED FOR END OF JULY 2017​

* PARTIES AGREED THAT GF TO TAKE COMMERCIAL AND OPERATIONAL LEAD AND TO ACQUIRE REMAINING SHARES NOT BEFORE 24 MONTHS AFTER TRANSACTION CLOSED Source text - bit.ly/2uxdWbA Further company coverage: (Gdynia Newsroom)

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