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


(Reuters) - AG said on Tuesday it made an offer to buy French company from a fund owned by 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 said.

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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 10:00 IST