Solar bets $1.3 bn for a 100% stake in African co

Solar Industries India Ltd has agreed to purchase 100% of Omnia Holdings Ltd, a South African chemicals company, for $1.355 billion. The acquisition will expand Solar Industries' international footprint and bolster its commercial explosives and blasting solutions business. The deal, subject to regulatory and competition approvals, is expected to be finalized in early to mid-2027.

Omnia, with a physical presence in 23 countries and serving more than 40 countries, will be delisted from the Johannesburg Stock Exchange and A2X Markets securities exchange following the acquisition. The mining segment of Omnia, BME, provides blasting systems, explosives, mining chemicals, and metallurgical processing solutions to the commercial mining and quarrying industries.

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