Bawan considers merger of subsidiaries USSG and Utec

Bawan Co. is considering a potential merger between its subsidiaries United Technology of Electric Substations and Switchgears Co. (USSG) and Utec, with USSG's assets and liabilities to be transferred to Utec in a deal worth SAR 17 million.

“Bawan Co. said it is currently considering the feasibility of a potential merger between its subsidiaries.”argaam.com

• 1 source
• argaam.comBawan considers feasibility of subsidiaries' potential mergerMar 30, 2020

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