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To: Mohan Marette who wrote (7974)10/8/1999 1:49:00 PM
From: Mohan Marette  Respond to of 12475
 
Dutch Hagemeyer to pick stake in Godrej Pacific

1999-10-08 14:07:41 (Probity)

Dutch trading company Hagemeyer NV has reached an agreement with Australian unit Tech Pacific to acquire the remaining 50% interest in Godrej Pacific Technology Limited (GPTL), making GPTL a wholly-owned subsidiary.

Hagemeyer has said that it was buying the stake from Godrej & Boyce Limited and would finance it through its own funds. No further financial details were disclosed by the company.