RIYADH: Germany’s Knauf International plans to acquire full ownership of Saudi-based United Mining Industries through a cash offer of about SR293.5 million ($78 million) for the remaining publicly held shares. The transaction could lead to United Mining Industries being delisted from the Nomu Parallel Market. This step follows Knauf’s acquisition of a controlling 63.2 percent stake in United Mining Industries in May for SR504.5 million. Consequently, the total outlay for the German firm to acqui
Germany’s Knauf doubles down on Saudi Arabia: $78m bid to acquire United Mining Industries
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