IMAP is pleased to announce that Essel Mining & Industries has acquired Pro Minerals Private Limited for an Enterprise Value of circa INR 4.5 billion (~USD 65 million).
Pro Minerals was established in 2010 as a joint venture between heavy industrial machinery company Hari Machines and investment company Jyotirmoyee International.
IMAP closed 193 M&A transactions valued at over $7.0 billion in 2020, down from the 7 year high of 235 deals closed in 2019.
GMD holds 12 food retail stores in the Azorean Autonomous Region, on the São Miguel, Santa Maria and Pico islands, and 1 wholesale cash and carry store on São Miguel island.
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