Pergo and HW Industries receive approval from German antitrust authorities
As announced previously, Pergo AB and the main shareholder of Witex AG -- HW Industries GmbH & Co. KG -- have signed a binding agreement concerning an acquisition of shares between Pergo and Witex.
The agreement is that Pergo will acquire all shares in Witex owned by HW Industries. Currently, Pergo owns 25.1 percent of WItex AG, while HW Industries owns the remaining shares.