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Saudi Clay Pipes extends MoU to acquire 75% of Advanced Piping

Saudi Clay Pipes extends MoU to acquire 75% of Advanced Piping
Both companies have extended the MoU for 15 days
SVCP
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Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) has extended a memorandum of understanding (MoU) to acquire 75% of Advanced Piping Solutions.

Both companies have decided to extend the MoU for additional 15 days, according to a press release on Wednesday.

It is noteworthy to highlight that in January, the SVCP has inked a non-binding MoU, valid for 90 days, to acquire 75% of Advanced Piping Solutions at a value of SAR 85 million in a bid to diversify its portfolio.