LONDON (April 14, 2009)—SSL International P.L.C. said it plans to acquire additional shares in Beleggingsmaatschappij Lemore B.V. from its majority shareholder Abraca.
SSL also will acquire 100 percent of Gainbridge Investments Ltd. from CCD Estate for $24.8 million.
SSL's stake in BLBV will increase from 15.5 percent to 50 percent plus one share with the purchase, worth $84.3 million.
SSL acquired its initial 15.5 percent stake in BLBV in May 2008.
BLBV is a holding company for operating firms in the packaging and distribution of condoms and medical products across the Commonwealth of Independent States—not including Ukraine, which is covered by Gainbridge.