Lixil to buy Grohe - Reuters

Germany's biggest bathroom fittings company Grohe has been snapped up by Japanese building products group Lixil in a 3.06 billion euro ($4.13 billion) deal, marking the largest ever investment by Japan in Europe's biggest economy, writes Reuters. Lixil's leveraged buyout of Grohe from financial investor TPG Capital and the private equity arm of Credit Suisse shows renewed appetite by Japanese firms for deals outside their home market.

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