IMI to buy German valve firm for pounds 130m

Friday 15 September 1995 23:02 BST

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IMI to buy German valve firm for pounds 130m

IMI, the copper tube and plumbing fittings group, is to buy Heimeier, Germany's largest manufacturer of thermostatic radiator valves. The pounds 130m acquisition is to be part financed by a placing of shares to raise pounds 47m.

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IMI to buy German valve firm for pounds 130m

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