Paloma Rheem Holdings gets CCI nod to acquire Fujitsu General for $1.6 bn

Quick Summary:

Fair trade regulator CCI has approved Paloma Rheem Holdings' proposal to acquire Japanese air-conditioner maker Fujitsu General for USD 1.6 billion.

After the approval, Fujitsu General will become a wholly-owned subsidiary of Paloma Rheem Holdings.

"The proposed transaction relates to Paloma Rheem's acquisition of the entire shareholding of Fujitsu," a notice submitted to the CCI said on Monday.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: Paloma Rheem Holdings Competition commission of India CCI nod Fujitsu General

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 21:56:30 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 26461718

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