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Forbes & Company’s arm plans to acquire balance 75% of Lux International AG

15 May 2013 Evaluate

Forbes & Company’s - wholly-owned subsidiary - Eureka Forbes (EFL) and Aquamall Water Solutions (Aquamall) are proposing to enter into agreements in relation to the acquisition by their existing and to be formed overseas subsidiaries, of the balance 75% of Lux International AG, Switzerland. Aquamall is wholly-owned subsidiary of EFL which, in turn, is also a subsidiary of the company.

Forbes & Company has three main businesses, namely Engineering, Shipping and Logistics and Transaction Management Solutions. Many of these businesses have joint ventures with world leaders and are present throughout India and in many other countries.

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