Reliance to buy Future Group’s retail arm for US$3.38 bil

MUKESH Ambani-led Reliance Industries said today it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Future Group in a deal valued at US$3.38 bil (RM14 bil), including debt.

Like many other store chain owners, Future Group’s business has been hit by a slowing economy and the impact of the coronavirus pandemic. – Aug 30, 2020, Reuters

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