Savola, Takween extend MoU on subsidiary buyout

06/11/2014 Argaam

Takween and Savola Group extended their mutual memorandum of understanding related to the takeover of the latter’s subsidiary to December 31.

 

Takween said in July it sought to fully acquire Savola Packaging Company, a subsidiary of Savola Group.

 

The memo was valid till November 11, and the extension gives more time for due diligence checks, a filing to Tadawul said.

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