Murugappa to buy Germany's Hubergroup; acquisition at an enterprise value of $310 million

Murugappa Group is set to acquire Hubergroup, a German specialty chemicals company, for $310 million. The deal, financed through debt refinancing and equity infusion, will expand Murugappa's presence in the global print and packaging sector. Hubergroup, previously owned by Cornelius Treuhand Holding, was sought after by multiple bidders, with Murugappa emerging as the preferred choice.
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