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Mergers & Acquisitions | 23 April 2012

Man Group To Exit Real Estate Biz, Focus On Steel Pipe Manufacturing

by Charmi Gutka
Man Group To Exit Real Estate Biz, Focus On Steel Pipe Manufacturing
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Man group is planning to exit its real estate business to focus on its core business of steel pipe manufacturing.

The group, which has invested R350Cr in real estate via its subsidiary @Man_Infraprojects, will sell off its projects in 18 to 24 months, according to Financial Express.

Founded in 2006, Man Infraproject is engaged in real estate management and development. It undertakes hospitality, residential, commercial, information technology park, and SEZ projects.

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