Baxi To Merge with De Dietrich

03.07.2009 - 22:27

LONDON(Reuters)-Debt-troubled UK heating products maker Baxi said on Friday it had agreed to merge with Dutch rival De Dietrich Remeha to boost its capital position and create one of Europe’s biggest heating products companies.Private equity-owned Baxi,which had debt of around 630 million poun [...]

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