# Knusford to acquire Ekovest Construction for RM450 million

Knusford has agreed to acquire Ekovest Construction Sdn Bhd from Ekovest for an indicative consideration of RM450 million, to be satisfied via issuance of new Knusford shares.

- Type: Acquisition
- Announced: 2023-10-27
- Where: Malaysia
- Value: $95.0M (450.0M MYR)
- Status: announced
- Products: civil engineering and construction services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Knusford](https://endata.com/companies/73297.md) (acquirer)
- [Ekovest](https://endata.com/companies/73298.md) (target)
- [Ekovest Construction Sdn Bhd](https://endata.com/companies/73299.md) (target)

## Sources

- [businesstoday.com.my](https://www.businesstoday.com.my/2023/10/27/knusford-to-acquire-ekovest-subsidiary-for-rm450-million-under-proposed-merger-deal/), 2023-10-27: "The merger agreement is to explore and negotiate further on the Proposed Knusford-ECSB Merger via the proposed disposal by Ekovest of its entire equity interest in subsidiary Ekovest Construction Sdn Bhd to Knusford for an indicative disposal consideration of RM450 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.