The acquisition will be made through a wholly-owned subsidiary of Berger Paints India in Cyprus.
he acquisition will be carried out at an estimated net purchase price of around $38.6 million. The purchase is conditional upon fulfillment of certain conditions precedent including clearance by the Polish Anti-Monopoly Office. The price is subject to usual adjustments at the time of completion of the transaction.
Ernst and Young Private, India were the financial advisors to
Berger on the transaction.