Transpacific to buy 15% of CMA Corp after placement
Waste management company Transpacific Industries Ltd has agreed to acquire a 15 per cent shareholding in metals recycling company CMA Corporation Ltd, which has extensve Western Australian operations, for around $25 million.
Under a conditional agreement, Transpacific will be given the right to acquire 22.8 million shares, or 6.4 per cent of the company, at 48.4 cents each.
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