AGC Networks to acquire stake in Z Services HQ DMCC for $3.94 mn
PTI
New Delhi |
Updated on
March 12, 2021
AGC wants to strengthen its presence in the Middle East
AGC Networks on Friday said its subsidiary, Black Box Holdings, will acquire a majority stake in Z Services HQ DMCC for about $3.94 million.
Black Box Holdings Ltd, an indirect wholly-owned subsidiary of AGC Networks has entered into a share sale agreement with Z Services Holding Ltd, a BVI business company incorporated in the British Virgin Islands on March 11, 2021, a regulatory filing said.
Under the agreement, Black Box Holdings will acquire 76 per cent of shares of Z Services HQ DMCC for a total consideration of approximately $3.94 million, payable at the time of closing, it added.