Sime Darby unit plans to acquire Onsite Rental for RM1.9 billion

A unit of Sime Darby plans to acquire Australian firm Onsite Rental for RM1.9 billion, financed entirely through external borrowings on a cash-free and debt-free basis.

“The price, which will be financed entirely through external borrowings, was agreed on a cash-free and debt-free basis.”thestar.com.my

• 2 sources
• thestar.com.mySime unit plans to acquire Aussie firm Onsite Rental for RM1.9bil | The StarThe Star OnlineMar 2, 2023
• miragenews.comMinterEllison advises Onsite on $635 million sale | Mirage NewsMirage NewsApr 4, 2023

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