News message
13-01-2009
Nedalco to buy BrüggemannAlcohol
L. Brüggemann KG has decided to sell its 50% interest in Brüggemann Alcohol to Nedalco.
L. Brüggemann KG has decided to sell its 50% interest in the joint venture between Brüggemann KG and Nedalco to its fellow shareholder, Nedalco. The decision reflects the different strategic directions the partners have. The transfer is expected to take effect as of 1 July 2009.
BrüggemannAlcohol, Heilbronn, Germany, is currently a 50/50 joint venture between L. Brüggemann KG and Royal Nedalco. Following the transaction, BrüggemannAlcohol will be a wholly-owned interest of Nedalco.
