The agreement between Pergo and Witex is among other things conditional upon approval from anti-trust authorities in Germany and Sweden. As announced on Feb. 20, the German anti-trust authority approved the merger. An approval from the Swedish anti-trust authority has now also been received.
Pergo and HW Industries receive approval on share acquisition
March 5, 2003
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.