Fuchs Buys 50% Stakes in Three Distributors Based in Africa

 In news

Lubricant producer Fuchs has acquired 50% of the shares of three distributors based in Zimbabwe, Zambia and Mozambique.

* Companies employ 90 people, generated sales of around EUR 21 million in the 2018;
* Fuchs expects to close the deal in early 2020. Source: Bloomberg

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