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Turkish glass major acquires 45% stake in HNGFL

Post Time:Jan 15,2013Classify:Industry NewsView:79

Turkish Glass maker  Trakya Cam Snayii AS bought a 45 per cent stake in HNG Float Glass Limited (HNGFL) through a joint Venture (JV) agreement on Friday.

According to the JV, Hindustan National Glass and Industries (HNGIL), the share-holding company in HNGFL and its promoter, the Somany family, will now dilute their stake in HNGFL.

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Source: http://www.glassonweb.com/news/index/18066/Author:

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