Consortium to acquire 80% stake in Powertech Transformers from Altron

Power Matla Limited, Power Matla Transformers Pty Ltd and SGB-SMIT Management GmbH agreed to acquire an 80% stake in Powertech Transformers from Allied Electronics Corporation Limited (Altron) for a nominal consideration, with a ZAR 250 million loan to repay debt.

“Power Matla (Pty) Limited, Power Matla Transformers Pty Ltd and SGB-SMIT Management GmbH agreed to acquire 80% stake in Powertech Transformers from Allied Electronics Corporation Limited”marketscreener.com

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• marketscreener.comPower Matla Limited, Power Matla Transformers Pty Ltd and SGB-SMIT Management GmbH agreed to acquire 80% stake in Powertech Transformers from Allied Electronics Corporation Limited.S&P Capital IQNov 14, 2017

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