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Sika Will Pass On Degussa Chem Unit
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Sika will probably pass on buying Degussa's (DGX.CE) construction chemicals unit. Though financing would be of little trouble for Sika with relatively low debt, says Kepler, company has posted stronger organic growth - 11% in local currency for 9-months - through innovation. And next year Sika will be focusing on integrating Sarna acquisition to squeeze most out of purchasing, production and sales synergies of deal. Rates Sika at buy. Shares -0.9% at CHF1,041.
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December 21st, 2005
Source: Newratings.com |
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