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RAK Ceramics buys remaining stake in 2 affiliates

RAK Ceramics buys remaining stake in 2 affiliates
Archive photo - RAK Ceramics
RAK Ceramics
RAKCEC
2.67% 2.31 0.06

Abu Dhabi-Mubasher: Ras Al Khaimah Ceramic (RAK Ceramics) has acquired the remaining stakes in two subsidiaries in Europe, according to a bourse statement.

The company, which is listed in the Abu Dhabi bourse, said Monday that it took over 50% of its Germany-headquartered affiliate, Rak Ceramics Gmbh,  and 50% of Rak Ceramics UK.