◂ Announcements

Mar 9, 2018ACQUISITIONTurkey, Türkiye

Saudi Cable Company sells Demirer Kablo stake to ZTT

Saudi Cable Company signed an agreement to sell its entire stake in Demirer Kablo, a Turkish cable manufacturer, to Chinese group Jiangsu Zongitan Technology. Control has been passed to the new owners.

Status

Completed

Productshigh and extra high voltage energy cables

CompaniesSaudi Cable Company Demirer Kablo target Jiangsu Zongitan Technology acquirer

Sectors#Electrical Equipment

“Saudi Cable Company said it has signed an agreement to sell the company's entire stake in Demirer Kablo... to Chinese group Jiangsu Zongitan Technology (ZTT).”tradearabia.com

1 source
tradearabia.comSaudi Cable Company sells entire stake in Turkish groupRIYADHMar 9, 2018

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

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