Borosil Renewables Limited has reported the completion of the previously announced acquisition of an 86% stake in GMB Glasmanufaktur Brandenburg GmbH (GMB) and Interfloat Corporation by its fully-owned subsidiaries — Geosphere Glassworks GmbH and Laxman AG, respectively. As a result of the deal, Glasmanufaktur Brandenburg and Interfloat have both become step-down subsidiaries of Borosil Renewables. […]
Indian solar glass manufacturer Borosil Renewables (BRL) said that it has incorporated a fully-owned subsidiary called Laxman AG, a special purpose vehicle (SPV) in Liechtenstein. Borosil Renewables created Laxman AG for executing the company’s previously announced acquisition of Europe-based Interfloat Group of companies. The cash and stock deal was announced in April 2022. Interfloat Group […]
Borosil Renewables (BRL), an Indian solar glass manufacturer, has agreed to acquire Europe-based Interfloat Group of companies in a cash and stock deal. The financial terms of the deal were not revealed. Interfloat Group is made up of two companies, the Germany-based Glasmanufaktur Brandenburg (GMB) and Interfloat Corporation, which is based in Liechtenstein. Glasmanufaktur Brandenburg […]