On 8 November, following a relatively brief scrutiny, the Federal German Cartel Office approved the takeover of all shares in the flooring producer Karelia-Upofloor, by the investment fund Saltri II, which is owned by the private equity company Triton Advisors. The Swedish parquet manufacturer Kährs, which had already been under the control of Triton since May 2011, and Karelia-Upofloor had announced their plans for a corporate merger on 22 October last.

Source:EUWID

Posted and edited by Riona, Hanbao News Department

Contact:rionach@cltimber.com