Asian Paints’ indirect subsidiary, Berger International Private Limited, Singapore, has entered into a share purchase agreement with ANSA Coatings International Ltd, St. Lucia, for divestment of its entire stake in Lewis Berger (Overseas Holdings) Ltd, UK.
The latter is a wholly-owned subsidiary of Berger International Private Limited, which in turn holds 100 per cent stake in Berger Paints Barbados, 51 per cent stake in Berger Paints Jamaica, and 70 per cent stake in Berger Paints Trinidad.