Berger International, Singapore divests entire stake in Lewis Berger (Overseas Holdings)
Asian Paints announced that Berger International, Singapore (BIPL), indirect subsidiary company of the Company, has on 16 June 2017 entered into a 'Share Purchase Agreement' with ANSA Coatings International , St. Lucia ('ANSA Coatings') for divestment of its entire stake in Lewis Berger (Overseas Holdings), UK ('LBOH'), wholly owned subsidiary of BIPL, which in turn holds stake in the following companies:
100% stake in Berger Paints Barbados Limited ('BPBL'), a company incorporated under the laws of Barbados;
51% stake in Berger Paints Jamaica Limited ('BPJL'), a publicly listed company incorporated under the laws of Jamaica; and
70% stake in Berger Paints Trinidad Limited ('BPTL'), a publicly listed company incorporated under the laws of Trinidad and Tobago.
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