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Myclop's acquisition by Tega, Apollo Funds consortium reviewed in Australia

( March 27, 2026, 08:06 GMT | Official Statement) -- MLex Summary: A proposal to acquire all outstanding shares in the subsidiaries of AIP MC Holdings that collectively form Molycop by a consortium comprised of Tega Industries and the Apollo funds indirectly and collectively acquiring is being reviewed by Australia’s competition watchdog. In a statement on Friday, the Australian Competition & Consumer Commission said Molycop supplies engineered products for the Australian rail and manufacturing industries. The regulator said the proposed acquisition will occur through a special purpose vehicle, Tega MC JV Holdings Pte., which is indirectly and jointly controlled by Tega and the Apollo funds as Tega indirectly holds 76.7 percent and Apollo indirectly holds the remaining 23.3 percent.Statement follows....

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