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Strengthening local presence in Saudi Arabia
Sulzer to Acquire Majority of Saudi Pump Factory and to Establish Local Production Joint Venture Sulzer Saudi Pump Company (“SSPC”)
Group ReleasesMonday, February 03, 2014
On February 2, 2014, Sulzer signed an agreement for the acquisition of a 75% stake in Saudi Pump Factory with Nabil Al Hashim, the owner and founder of the company. The agreed purchase price for the 75% stake is CHF 33 million. Closing of the transaction is expected for the second quarter of 2014 and is subject to local regulatory approval.
Más información sobre este producto consulte en: http://www.sulzer.com/en/Newsroom/Group-News/2014/140203-Sulzer-to-Acquire-Majority-of-Saudi-Pump-Factory
