Cerberus completed the acquisition of a 20% stake in MCS Group.

Cerberus Capital Management, an investment company, completed the acquisition of a 20% stake in MCS Group, which consists of over 20 companies operating in various sectors such as energy, engineering, mining, real estate, telecommunications, and consumer goods. Financial terms were not disclosed. "This partnership will strengthen our financial position and enable us to leverage Cerberus’ operational experience, technology resources, and global expertise as we accelerate MCS’s growth plans. We look forward to working with the global Cerberus team to build on our strengths and market leadership to create an international-calibre Mongolian company, which is an important step as we evaluate future opportunities for a public listing on the domestic and international exchanges," Odjargal Jambaljamts, MCS Group Chairman.