IJM acquires 50% stake in JRL Group to boost UK presence


PETALING JAYA: IJM Corp Bhd has completed its acquisition of a 50% equity stake in JRL Group Holdings Ltd for £50mil (RM283mil), via the subscription of new ordinary shares in the UK-based contractor.

IJM said the acquisition enhances its core construction capabilities and complements its existing RM6bil order book.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

POWERING ASEAN’S DIGITAL GROWTH
Indonesia MSCI alert sends ripples to Malaysia
Turning footfall into higher profits
Eco Business Park 8 first look signals new industrial opportunities in JS-SEZ
Wawasan Dengkil unit enters 25-year sublease for solar plant site
ICT Zone Asia secures RM23.82mil hardware deal
Fire hits Kumpulan Jetson subsidiary’s Port Klang factory
SDS Group’s London Bakery acquires 14.32 ha in Johor for RM101.7mil
Carlo Rino eyes Main Market transfer by 2H26
MTAG unit proposes RM53.6mil land acquisition in Tebrau

Others Also Read