Gammon India will now look to build power plants following its purchase of a 50 per cent stake in an Italian company that is the holding company of leading boiler manufacturer Ansaldo Caldaie. Gammon on Sept 10 declared the buy out of a 50 per cent stake in Sofinter S.p.a. of Italy, which is Ansaldo''s holding company. Gammon made this acquisition via its offshore step-down subsidiary. This is the company''s third overseas acquisition in the Italian market this year, which will enable it to take up power plant construction
Showing posts with label Gammon Acquires. Show all posts
Showing posts with label Gammon Acquires. Show all posts
Thursday, September 11, 2008
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