27
Sep
12:29
More Acquisitions agrees Megasteel reverse takeover listing
More Acquisitions plc has agreed to acquire 100% of the issued share capital of Megasteel Limited, a UK distributor of steel for the pre stressing and post tensioning of concrete products.
The transaction will be valued at £49.5-63 million ($53.5-68m). It remains subject, amongst other things, to completion of customary due diligence.
The proposed acquisition will constitute a reverse takeover under the Listing Rules. More Acquisitions intends to publish a …
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Anonymous
Very good overview of the weekly steel market.
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