Lentex buys another 33% in Novita

Floor coverings maker Lentex bought a 33 percent stake in technical nonwovens producer Novita in a tender offer, the deal’s manager DM BDM said in a statement on Monday. Lentex managed to purchase 825,001 shares in Novita as it had planned in the tender. As a result, it increased its stake in the nonwovens firm to 66 percent. The tender offer was announced in late April. Subscriptions were carried out between May 21 and July 2.