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BRIEF-SP Setia to commence negotiations on acquisition of I&P Group
April 14, 2017 / 5:30 AM / 7 months ago

BRIEF-SP Setia to commence negotiations on acquisition of I&P Group

April 14 (Reuters) - SP Setia Bhd:

* S P Setia, Permodalan National Berhad and Amanahraya Trustees Berhad entered into a non-binding MOI to commence negotiations on proposed acquisition by co of entire equity interest of I&P Group

* The indicative price for the proposed I&P acquisition is estimated to be within the range of 3.5 billion RGT to 3.75 billion RGT

* Proposed I&P acquisition will be funded by a combination of equity, internally generated funds and borrowings Source text: [bit.ly/2nLkmlm] Further company coverage:

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