Groupe SEB buys Germany's WMF for 1.02 bln euros

May 23, 2016 9:52 PM

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FRANKFURT French household equipment manufacturer Groupe SEB (SEBF.PA) said on Monday it agreed to buy German peer WMF for 1.02 billion euros ($1.14 billion) from private equity firm KKR (KKR.N).

Including debt and pension liabilities, the deal is valued at 1.7 billion euros.

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