February 17, 2025 13:07 GMT
FOREX: Sherwin-Williams Deal Adds to Potential EUR/USD FX Flows
FOREX
US-listed Sherwin-Williams set to buy German-listed BASF's Brazilian paint unit for $1.15bln. Deal is subject to regulatory approvals in Brazil, but is expected in H2 this year and is an all-cash transaction, adding to potential cross-border (EUR buying, USD selling) FX flows.
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