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SGL Completes the Acquisition of Portuguese Acrylic Fibers Maker Fisipe

9:03 AM MDT | April 12, 2012 | Sotirios Frantzanas

SGL Group (Wiesbaden, Germany), a leader in the production of carbon fibers, says it has completed the acquisition of an 86% stake in the listed Portuguese acrylic fiber producer Fibras Sinteticas de Portugal (Fisipe) from the principal shareholder Negofor. The final value of the acquisition is forecast to be approximately €25 million ($32.9 million). The acquisition agreement was signed by the two sides at the end of March 2012. A mandatory public offer was submitted to the Portuguese securities commission for the remaining shares in Fisipe...

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