BRIEF-Sabvest Ltd To Invest Directly In New Itl Group For 30 Pct Of Equity Shares And Pro Rata Shareholders Loans

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BRIEF-Sabvest Ltd To Invest Directly In New Itl Group For 30 Pct Of Equity Shares And Pro Rata Shareholders Loans
Credit: © Reuters.

Jan 2 (Reuters) - Sabvest Ltd SBVJ.J :

* CO TO INVEST DIRECTLY IN NEW ITL GROUP FOR 30% OF EQUITY SHARES AND PRO RATA SHAREHOLDERS LOANS

* INVESTMENT IN MANDARIN INDUSTRIES LTD BVI, NEW HOLDING CO OF OFFSHORE ITL GROUP BUSINESS, WILL BE $34M

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