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 […]
UBS Europe, a subsidiary of Swiss banking group UBS, will sell its Austrian wealth management business to Liechtenstein-based private banking and asset management company LGT. The financial terms of the transaction were not revealed by the parties. The Austrian wealth management business of UBS has assets under management (AUM) of about €4 billion. It has […]