YTL Corp unit inks agreement to acquire shares in NSL for RM792.32mil

KUALA LUMPUR: YTL Corporation Bhd’s (YTL Corp) 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$227.61 million (about RM792.32 million) in cash.

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