VHI plans €240m overseas venture

The VHI is reportedly planning a €240 million joint venture, with an unspecified partner, aimed at investing in the eastern European market.

According to weekend reports, the VHI is looking to invest around €120 million in the project.

Poland is understood to be the main market that will be targeted.

Waterford may sell off German unit

Kilbarry: Waterford Wedgwood has reportedly hired JP Morgan Casenove as corporate advisers to a strategic review of its German-based porcelain goods manufacturing division, Rosenthal.

It is thought that the move could eventually lead to a sale of the division.

Waterford management has made no comment as to its plans for Rosenthal, but it is estimated that the company’s German arm which had sales of around €170 million last year — could fetch between €150 million and €200 million.


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