AIA Engineering Unit Buys Additional 14% Stake in Australian Mining Liner Manufacturer

MT Newswires Live12-10

AIA Engineering (NSE:AIAENG, BOM:532683) said its wholly owned unit, Vega Industries (Middle East) FZC, has acquired an additional 14% stake in VEGA MPS for AU$5.6 million, according to a Tuesday filing on Indian bourses.

The purchase completes Vega Industries' planned 70% acquisition of the Australian mining liners manufacturer, the filing said.

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