Saviola to increase shareholding in Rheinspan
26 January 2023Italian 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.
