As of today, Etex is the sole owner of Siniat in Europe and Latin America. This is the result of the agreement made on 24 December last year, between Etex and the industrial group Lafarge.
The agreement stipulated that Etex will take over the remaining 20% of Siniat, still held by Lafarge at that moment. Since then, all the legal and financial criteria have been met and approved, and the 20% acquisition is today confirmed.
This means that Etex now has full control over the Siniat gypsum business in Europe and Latin America, which will allow us to further leverage our dry construction approach.