EMMBI: SINGAPORE WHOLLY-OWNED SUBSIDIARY ACQUIRES 50% EQUITY SHARES OF SWEDEN'S BRITPAC AB

• Wholly-owned subsidiary Zastian Pte Ltd, Singapore, to acquire 12,500 equity shares or 50% of Britpac AB (trading as FortaPac), Sweden • Aggregate cash consideration of GBP 1,025 (approximately), subject to SPA terms and applicable adjustments • Target incorporated in Sweden with issued capital of SEK 25,000 (25,000 shares of SEK 1 each); not yet commenced trading and has no operating turnover • Target to purchase and sell industrial and reusable packaging, and own and manage real estate and securities • Acquisition intended to strengthen the company's international presence and expand business operations overseas • Subject to statutory and regulatory approvals in India, Singapore and Sweden, including FEMA and RBI requirements Impact: Neutral (Nominal GBP 1,025 outlay for a 50% stake in a non-trading Swedish entity; strategic overseas foothold but no revenue contribution yet)

Emmbi Industries Ltd

Open attachment

← Back to feed