AECI to acquire Much Asphalt for R2.27 billion

AECI has entered into an agreement to acquire 100% of Much Asphalt Proprietary Limited, South Africa's leading asphalt producer, for a total consideration of R2.272 billion in cash.

“AECI has entered into an agreement with Capitalworks Private Equity, MIC Investment Holdings Proprietary Limited and the Much Asphalt management team to acquire 100% of the issued share capital in Much Asphalt.”in.marketscreener.com

• 1 source
• in.marketscreener.comAECI : ACQUISITION OF MUCH ASPHALT PROPRIETARY LIMITED (“MUCH ASPHALT”) AND FURTHER CAUTIONARY ANNOUNCEMENT | MarketScreener IndiaPublicnowOct 30, 2017

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