Germany’s Knauf doubles down on Saudi Arabia: $78m bid to acquire United Mining Industries
Culture Index
Score Breakdown
Relevance
9/25
Freshness
25/25
Authority
18/20
Brand Signal
6/15
Depth
4/15
5-Axis Cultural Radar
RIYADH: Germany’s Knauf International plans to acquire full ownership of Saudi-based United Mining Industries through a cash offer of about SR293.5 million ($78 million) for the remaining publicly held shares. The transaction could lead to United Mining Industries being delisted from the Nomu Parallel Market. This step follows Knauf’s acquisition of a controlling 63.2 percent stake in United Minin
