Disa India parent divests ownership to another co

Published on Tue, Mar 11, 2008 at 16:17 |  Source : CNBC-TV18

Updated at Tue, Mar 11, 2008 at 17:40  

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By Varinder Bansal, CNBC-TV18

 

Disa India 's parent company is divesting ownership to another firm. Analysts said this could lead to an open offer, if the ownership change is over 20%. The company is yet to receive complete details of the said transaction.

 

As per the BSE, Disa India has informed them that the company is a subsidiary of DISA Holding A/S of Denmark (DH) and of DISA Holding AG (DHA) of Switzerland, which holds 20% and 54.3% of the paid-up shareholding in the company. DH is a 100% subsidiary of DISA Holding II A/S (DHII). DHII is owned by Procuritas , a leading Scandinavian private equity firm.

 

Ownership of Disa Holding II is being divested by Procuritas, in favour of Mid Europa Partners. Mid Europa Partners is a PE firm investing in businesses with significant exposure to central and east Europe.

 

Disa Holding II is yet to receive complete details of the said transaction. Under current regulations, transaction is dependent on approval from anti-trust authorities.

 

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