Berger Paints India today has signed an agreement for theacquisition of 100% shares of Bolix SA (Bolix), a leading provider of External Insulation Finishing System (EIFS) in Poland, from Advent International, a global private equity group.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The acquisition will be made through a wholly-owned subsidiary of Berger Paints India in Cyprus.</P>
</p><p class='TableClas'>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.</P>
</p><p class='TableClas'>Ernst and Young Private, India were the financial advisors to<BR>Berger on the transaction.<BR></P>
</p><p class='TableClas'></p></table>


Berger Paints buys Bolix for $38.6 mn

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