Belgium's Aliaxis indicates $2 bln offer for Finland's Uponor (updated)

Uponor Oyj

17/04/2023 07:48

(Adds offer details, conditions, quote)
       OSLO, April 17 (Reuters) - Belgian water management
solutions group Aliaxis  BE0941243520.BR  said on Monday it was
contemplating a 1.82 billion euros ($2.00 billion) cash offer
for Finnish plumbing and heating systems maker Uponor
 UPONOR.HE .
    The offer hinges on several conditions being met, including
the opportunity to conduct "a short confirmatory due diligence"
and that Uponor's board of directors recommends the bid, Aliaxis
said.
        The indicated offer was worth 25 euros per Uponor share,
a 44.6% premium over Friday's closing price, the Belgian group
said.
  
        "The combination would create a global leader in water
management solutions with a shared European heritage,
complementary geographic and product fit and a strategy with
sustainability at its core," Aliaxis said.
  

($1 = 0.9104 euros)

 (Reporting by Terje Solsvik, editing by Louise Rasmussen)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))