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Solar SA firm intends to acquire Omnia for R134.50 cash

India's Solar Industries said on Monday its unit will acquire South Africa's Omnia Holdings in an all-cash deal valued at about $1.36 billion, as the explosives and ammunition maker looks to expand its global mining business.Solar SA Investments, an indirect wholly owned subsidiary of Solar Industr…

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07:02:34 AM UTC
SquawkNews
India's Solar Industries said on Monday its unit will acquire South Africa's Omnia Holdings in an all-cash deal valued at about $1.36 billion, as the explosives and ammunition maker looks to expand its global mining business.Solar SA Investments, an indirect wholly owned subsidiary of Solar Industr…

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