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English news

02-Feb-2016

RAK Ceramics raises stake in its German and UK subsidiaries to 100% up from 50%

RAK Ceramics( RKCE.AD ) raised its  stake in its European subsidiaries to 100% through acquiring the remaining 50% stake in the company’s German and UK subsidiaries. The company’s  European subsidiaries include RAK Ceramics Deutschland GmbH and RAK Ceramics UK Limited. The acquisition value was not announced in the company’s disclosure. (Company Disclosure)

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