Bawan to acquire Petronash Global.

Bawan, a ready-mix concrete manufacturing company, agreed to acquire Petronash Global, an oil and gas company. Financial terms were not disclosed. Bawan will initially purchase 80% of Petronash’s shares for $80m. An additional payment of up to $60m will be contingent on Petronash meeting financial targets over the next three years. The remaining shares will be acquired after Petronash’s 2027 and 2028 financials are published, based on an agreed valuation method.