29
Aug
13:47
SSP prolongs shareholding sale talks
Saudi Steel Pipe (SSP) has extended until end-September the deadline for talks on the acquisition by a strategic investor of a 45-49% shareholding in the Saudi Arabian welded pipemaker.
In May SSP signed a non-binding memorandum of understanding, valid until 31 August, to commence talks on the potential acquisition, which would be done through a private transaction. The parties agreed on an exclusivity period during which the strategic investor would conduct com…
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Anonymous
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