(Reuters) - Sika AG said on Tuesday it made an offer to buy French chemical company Parex from a fund owned by CVC Capital Partners for an enterprise value of 2.5 billion Swiss francs ($2.55 billion).
The acquisition is expected to generate annual synergies of CHF 80 million-100 million, the Swiss construction chemicals maker said.
Sika said the deal is expected to add to its earnings per share starting the first full year post closing.
($1 = 0.9823 Swiss francs)
(Reporting by Gaurika Juneja in Bengaluru; Editing by Gopakumar Warrier)
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