UPDATE 3-UK boilermaker Baxi agrees merger with De Dietrich

July 3rd, 2009 by Benedictus | Posted under Finance | .

LONDON, July 3 (Reuters) – Debt-troubled UK heating products
maker Baxi [BCPRTG.UL] said on Friday it had agreed to merge
with Dutch rival De Dietrich Remeha to boost its capital
position and create one of Europe’s biggest heating products
companies.

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