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Picanol completes acquisition of stake in Tessenderlo
07
Nov '13
The Picanol Group announced that, further to the announcement made on 26 July 2013, it has successfully completed the acquisition of the stake held by SNPE SA in Tessenderlo Chemie NV.

As a result of the transaction, the Picanol Group is now holding 27.52% of the share capital of Tessenderlo Chemie NV or the equivalent of 8,744,069 shares.

Following the closing of this transaction, SNPE SA does no longer own any share in Tessenderlo Chemie NV.

About the Picanol Group

The Picanol Group is an international, customer-oriented group specialized in the development, production and sale of weaving machines and other high-technology products, systems and services.

Division Weaving Machines: Picanol develops, manufactures and sells high-tech weaving machines based on air (airjet) or rapier technology. Picanol supplies weaving machines to weaving mills worldwide, and also offers its customers such products and services as weaving accessories, training, upgrade kits and spare parts.

Picanol Group

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