The companies have signed this preliminary agreement, the transaction still needs to be approved by the Lithuanian Competition Council, the companies reported.
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The value of the transaction is not disclosed.
“Becoming part of Beijer Ref is an important milestone in Refra’s history and a natural next step in our development. By combining our experience with Beijer Ref’s international reach, we will be able to further expand the business and pursue new opportunities,” said Refra’s CEO Aleksejus Pavšukovas in a statement.
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