Swiss firm Sika offers to buy French chemical maker Parex for $2.6 billion

(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)