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Blumont plans to buy SEA tourism, F&B firm Samadhi Retreats for up to S$43.8m

Published Thu, Mar 29, 2018 · 09:50 PM

Singapore

BLUMONT Group on Thursday said it plans to buy a South-east Asian tourism and F&B business for not more than S$43.8 million, with payment to be made through a mix of cash and shares.

It said it has entered into a term sheet with an Asaro Federico for a proposed potential acquisition of all of Samadhi Retreats, a Singapore-incorporated company.

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