Marangoni buys stake in South Africa’s Leader Rubber

7th May 2015 | 0 Comments
 
Marangoni buys stake in South Africa’s Leader Rubber
With its 25 per cent share in Leader Rubber, Marangoni plans to increase its presence in the region

Marangoni S.p.A. has acquired a 25 per cent share in South Africa’s Leader Rubber Co. S.A., the Italian company reports. It describes the signing of an agreement to this effect as the “culmination of a partnership that has been ongoing for several years,” and says the objective of taking a 25 per cent shareholding is to strengthen both companies’ presence in the South African market and throughout Africa.

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Category: International News, Retreading

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