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Berger International sells Caribbean business to ANSA Coatings

Combined net sales of Caribbean business of Berger, a part of Asian Paints, is estimated at $ 35 mn

BS B2B Bureau  |  Mumbai 

Berger International Private Limited (BIPL), the Singapore-based indirect subsidiary of Asian Paints, has sold its entire stake in Lewis Berger (Overseas Holdings) Limited (LBOH), BIPL’s wholly owned subsidiary, to St. Lucia-based ANSA Coatings International Limited for an undisclosed sum. ANSA Coatings is a subsidiary of the ANSA McAL Group, a diversified conglomerate which operates across eight industrial sectors. LBOH is a privately held UK company with equity-ownership stakes of 100 percent, 70 percent and 51 percent in Berger Paints Barbados Limited, Berger Paints ...

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First Published: Mon, June 19 2017. 12:47 IST
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Berger International sells Caribbean business to ANSA Coatings

Combined net sales of Caribbean business of Berger, a part of Asian Paints, is estimated at $ 35 mn

Combined net sales of Caribbean business of Berger, a part of Asian Paints, is estimated at $ 35 mn Berger International Private Limited (BIPL), the Singapore-based indirect subsidiary of Asian Paints, has sold its entire stake in Lewis Berger (Overseas Holdings) Limited (LBOH), BIPL’s wholly owned subsidiary, to St. Lucia-based ANSA Coatings International Limited for an undisclosed sum. ANSA Coatings is a subsidiary of the ANSA McAL Group, a diversified conglomerate which operates across eight industrial sectors. LBOH is a privately held UK company with equity-ownership stakes of 100 percent, 70 percent and 51 percent in Berger Paints Barbados Limited, Berger Paints ... image
Business Standard
177 22

Berger International sells Caribbean business to ANSA Coatings

Combined net sales of Caribbean business of Berger, a part of Asian Paints, is estimated at $ 35 mn

Berger International Private Limited (BIPL), the Singapore-based indirect subsidiary of Asian Paints, has sold its entire stake in Lewis Berger (Overseas Holdings) Limited (LBOH), BIPL’s wholly owned subsidiary, to St. Lucia-based ANSA Coatings International Limited for an undisclosed sum. ANSA Coatings is a subsidiary of the ANSA McAL Group, a diversified conglomerate which operates across eight industrial sectors. LBOH is a privately held UK company with equity-ownership stakes of 100 percent, 70 percent and 51 percent in Berger Paints Barbados Limited, Berger Paints ...

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Business Standard
177 22