Business Update6 Jul 2024, 11:12 pm
Kiri Industries to Sell Entire 37.57% Stake in DyStar for US$603.80 Million
AI Summary
Kiri Industries Ltd. has announced the approval of the Board of Directors for the disinvestment of its entire 37.57% stake in DyStar through an en-bloc sale process managed by the receivers. The sale is subject to member approval and is valued at US$603.80 million.
Key Highlights
- Kiri Industries to sell entire stake in DyStar
- Disinvestment valued at US$603.80 million
- Sale process managed by receivers
- Subject to member approval