Electrical Industries to fully acquire Saudi Transformers Co

Electrical Industries Company signed an MoU to buy CG Power Systems Belgium's 49% stake in Saudi Transformers Co, making it a wholly-owned subsidiary. The deal is expected to close by end of Q1 2017.

“Electrical Industries Company (EIC) announced signing a memorandum of understanding (MoU) with CG Power Systems Belgium NV, the foreign partner in EIC's subsidiary Saudi Transformers Co.”english.mubasher.info

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• english.mubasher.infoElectrical Industries to fully acquire Saudi Transformers Co - Mubasher InfoJan 26, 2017

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