Rexel SA, a France-based distributor of electrical parts and supplies, is planning to acquire a 74% stake in Yantra Automation Pvt., Ltd., an India-based distributor of industrial automation and control products.
Under the terms of the transaction, Rexel will acquire the remaining 26% stake in Yantra Automation through put and call options in 2014 at a price to be determined on the basis of the Yantra Automation performance in 2012 and 2013.
Brunswick Group LLP is acting as PR advisor to Rexel for the transaction.
Source: Trading Markets