Wednesday, October 12, 2011

BH Global

BH Global: Co to form JV with Takamul Investment Co, a co majority-owned by Govt of Sultanate of Oman to build and operate a plant for the manufacture of galvanized steel wire products such as cables and security fences. Co will take a 51% stake in the JV for approx $3.5m with remaining 49% owned by Takamul. The JV was initiated after an earlier 60% owned Sky Holding dissolved a JV with Oman Govt. The investment will be funded by Taiwan Depository Receipts.

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