SECTOR
Tega Industries’ arm to sell business to Losugen Pty
May-23-2025

Tega Industries’ wholly owned subsidiary -- Tega Industries Australia Pty (Tega Australia) has executed a Business Sale Agreement (BSA) for the sale of its business, to Losugen Pty (Losugen), another wholly owned step-down subsidiary of the Company. This transaction aims to streamline business operations, achieve greater synergies, and enhance the strategic alignment of the group's activities in the Australian market. The entire transaction for Business Sale is made at Fair Valuation, on terms and conditions as contained in the BSA.

Tega Industries (Tega) is a global leader in designing and manufacturing ‘critical-to-operate’ consumables for the mining, mineral processing, and material handling industries.

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