1st Apr 2014 06:44
LONDON (Alliance News) - The Weir Group PLC is in talks for an GBP8.5 billion merger with a Finnish rival, The Times newspaper reported Tuesday.
The Glasgow-based engineering firm is in talks with Helsinki-listed Metso Oyj, The Times said.
Weir has a market capitalisation of GBP5.41 billion, while Metso's market cap is EUR3.56 billion.
Metso operates in mining and construction technology, energy and environmental technology, and paper and fibre technology.
http://www.thetimes.co.uk/tto/business/industries/industrials/article4050660.ece
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