GentingSP: Acquires 68.6% of Goldnature Investments, a holding co with a 51% interest in Montbella Ltd which has interests in natural resource ventures. The acq price was US$60m and Goldnature has a NAV of US$16m…
Acq is to be paid in cash and both BVI companies will become Genting’s subsidiaries. Note that this appears to be a deviation from co’s core gaming business and although a relatively small acq, will not be read positively by mkt.
No comments:
Post a Comment