DK Leather invest in Europe

26 June 2006

DK Leather Corp, Bhd's wholly owned subsidiary DK-Schweizer Europe BV, plan to acquire a 20% stake in Italian automotive leather upholstery maker Salt SRL from Gavina Francesco for €600,000. DK Leather also plan to take 50% of the equity in a new company called D K-Salt SRL for €250,000. Salt SRL will take the remaining 50% in the company for the same sum. DK Leather said the proposed acquisition would allow the company to penetrate the Italian and European market by working with a company with an established relationship with European automotive makers.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.