Specialist Energy Groups (LON:SEGR) biggest investor, McNally Bharat Engineering Company Ltd (MBE), has issued a statement, clarifying it is keeping its options open with regards to increasing its holding in the energy sector engineering group…
..MBE is a large Indian turnkey engineering firm. It initially took a 10 percent stake in September 2010.
At that time chief executive Ewan Lloyd-Baker told Proactive Investors that SEGR would maintain discussions with the group because they see MBE as potential strategic partner and investor.