Axcel sells EskoArtwork to Danaher for Euro 350 million

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On 21 January 2011 in Gent, Belgium, EskoArtwork announced that its owner-shareholder, the Danish investment group Axcel entered into a definitive sales purchase agreement with Danaher a US industrial company for the acquisition of 100% of the shares in EskoArtwork for a purchase price of €350 million (approximately INR 1,800 crore). Danaher is listed on the New York Stock Exchange as DHR (NYSE:DHR). The closing of the transaction is subject to customary approvals and is foreseen to be concluded within the first half of 2011. This change of ownership is not expected to impact the EskoArtwork business in any direct way as it will remain an autonomous business unit within Danaher. ...cont´d

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