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| Tikkurila to change operations in Hungary, Slovakia and the Czech Republic Finnish paintmaker Tikkurila has signed a letter of intent to sell the entire share capital of its three sales companies in Hungary, Slovakia and the Czech Republic. The intention is to sell the companies to a Czech company to be established by Tikkurila's local management. The new company will continue the retail of Tikkurila's products in the three countries. In accordance with its strategy, Tikkurila is developing its business in Hungary, Slovakia and the Czech Republic with a target to serve its customers even better and in a more effective way. The combined revenue of the three sales companies to be sold was approximately EUR 10.2 million in 2010, and the number of employees totaled approximately 70. It is estimated that the transaction will reach the agreement stage at the end of 2011 and will be closed during the first quarter of 2012. write your comments about the article :: © 2011 Construction News :: home page |