Rama Steel Tubes and RST International Trading to acquire Automech Group for AED296m.

Synopsis

Rama Steel Tubes, an Indian manufacturer of steel pipes, tubes, and related products, and RST International Trading, a trading company and a wholly-owned subsidiary of Rama Steel Tubes, agreed to acquire Automech Group, an engineering and manufacturing company, for AED296m.

Principals

target

Automech Group

bidder

Rst International Trading

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Market Context