Saviola to increase shareholding in Rheinspan

26 January 2023

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Italian panels manufacturer Saviola Group has agreed to acquire a majority stake in Rheinspan.

Saviola’s move, which needs antitrust approval, will increase its sharing holding in the German producer of panels for the furniture industry to 74% from its current 50% holding.

The company originally acquired its 50% shareholding in Rheinspan in June 2020.