SCG goes on the tiles with Vietnam firm | Bangkok Post: business

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SCG goes on the tiles with Vietnam firm

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Siam Cement Group (SCG) has signed a conditional share purchase agreement with Vietnam's Prime Group Joint Stock Co to acquire majority ownership of that country's largest ceramic tile maker for 7.2 billion baht. 

Kan Trakulhoon, SCG's president and chief executive, said the agreement calls for the wholly owned SCG Building Materials to acquire 85% of the Prime Group.

This will raise the parent company's overall competitiveness in Southeast Asia to sustainable levels.

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