Electrical Industries to fully acquire Saudi Transformers Co.

Electrical Industries Co. signed a binding offer to buy CG Power Systems-Belgium's 49% stake in Saudi Transformers Co. for SAR 1 per share, raising its holding to 100%.

“EIC signed on Wednesday a binding offer with CG Power Systems-Belgium to buy its 49 percent stake in Saudi Transformers Co. Ltd.”argaam.com

• 1 source
• argaam.comElectrical Industries inks deal to fully acquire Saudi Transformers Co.Apr 13, 2017

Summarized from public sources; check the original articles before acting on it.