YTL acquires NSL stake for RM792mil

YTL Corp said the acquisition facilitates the expansion of YTL Cement’s environmental services business into Singapore.

KUALA LUMPUR: YTL Corp Bhd’s subsidiary YTL Cement Bhd has entered into a conditional sale and purchase agreement (SPA) with 98 Holdings Pte Ltd for the proposed acquisition of shares in NSL Ltd for S$227.61mil (about RM792.32mil) in cash.

In a filing with Bursa Malaysia, YTL Corp said the SPA involved the proposed acquisition of 303.48 million shares in NSL, representing about 81.24% equity interest.