MEPCO terminates agreement to acquire MPCCC on failure to meet terms by deadline
Middle East Paper Co. (MEPCO) terminated the agreement to acquire 100% of the share capital of Al-Medan Project Company for Corrugated Carton (MPCCC), citing unfulfilled precedent conditions of the agreement. 
The deadline for complying with the term ended Dec. 27, the company disclosed in a Tadawul statement today, Dec. 28.
MEPCOsigned on March 27 a share purchase agreement to acquire full ownership of MPFC. The deal included purchasing 1,000 ordinary shares, representing the entire capitalof MPCCC, for SAR 91 million in addition to issuing new shares to the sellers, data compiled by Argaam showed.
MEPCO terminates agreement to acquire MPCCC on failure to meet terms by deadline
Middle East Paper Co. (MEPCO) terminated the agreement to acquire 100% of the share capital of Al-Medan Project Company for Corrugated Carton (MPCCC), citing unfulfilled precedent conditions of the agreement.
The deadline for complying with the term ended Dec. 27, the company disclosed in a Tadawul statement today, Dec. 28.
MEPCOsigned on March 27 a share purchase agreement to acquire full ownership of MPFC. The deal included purchasing 1,000 ordinary shares, representing the entire capitalof MPCCC, for SAR 91 million in addition to issuing new shares to the sellers, data compiled by Argaam showed.
