EU approves Plastal buy of DNK

Newswire

BRUSSELS, Dec 22 (Reuters) - Swedish auto parts supplier Plastal won permission from the European Commission on Thursday to purchase Dynamit Nobel plastics unit DNK from Germany's GEA Group . The deal's enterprise value amounted to 350 million euros ($413.7 million), GEA said in a statement when the deal was announced in November. It said the sum was 4.3 times DNK's earnings before interest, tax, depreciation and amortisation for 2004.

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