KNM gets two offers for FBM Hudson for a total of 16.5mil euros

KUALA LUMPUR: KNM Group Bhd has received two "binding and irrevocable offers” for the proposed disposal of KNM Europa BV's entire stake in FBM Hudson Italiana SpA (FBM Hudson) for a total "indicative consideration” of up to 16.5 million euros (one euro = RM5.14).

KNM Europa is a wholly owned subsidiary of KNM Process Systems Sdn Bhd, which in turn is a wholly owned subsidiary of KNM Group.