Purchase of the 50% stake held by French Company Socotub in Politu...
Purchase of the 50% stake held by French Company Socotub in Politub
Teraplast Group concluded on 03.08.2017 an agreement for the purchase of the 50% stake held by French company Socotub in Politub. Until the moment of the agreement, Teraplast had 50% of Politub, one of the most important players on the market of water and gas pipes. Following this acquisition Teraplast will owe 99.99% of Politub’s share capital, and TeraSteel will have 00.01%.
The acquisition is part of the development and expansion plan of Teraplast Group.