Monday, June 30, 2008

Rubber maker Gumotex to acquire stake in Tanex Plasty.

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Rubber maker Gumotex to acquire stake in Tanex Plasty. Local rubber and foam maker Gumotex will acquire a stake in domestic foam component producer Tanex Plasty from TP Holding, newswire CIA informs. The size of the share was not specified. Gumotex is leading European producer of inflatable and rubber products. Gumotex reported CZK 65mn pre-tax profit last year on CZK 2.6bn revenues; Tanex Plasty, employing 200 people, made CZK 536mn revenues in 2007. The transaction is pending approval by the antitrust office UOHS.

Selling short

Securitisation is not dead

Rubber maker Gumotex to acquire stake in Tanex Plasty.

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