Union Steel Holdings is selling its indirectly held subsidiary Fastweld Engineering Construction to its separately-listed associate Eneco Energy. Under an MOU, the parties involved have given ...

Fastweld’s operations are seen as complementary to Eneco’s logistics business, especially in industrial project environments. Pro forma figures show net tangible assets per share falling from 0.88 ...

According to Eneco Energy, this acquisition will allow the company to diversify into a related industrial sector and provides an additional operating platform beyond logistics. Eneco Energy R14 ...

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