Malaysian buyer leaps for Leela

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Metrod Malaysia and MetTube Malaysia have acquired The Leela Goa, a five-star resort. The hotel was purchased by Ceres Hotels, a subsidiary of MetTube Malaysia, for US$115 million. The hotel will be transferred to Ceres by way of a slump sale under a business transfer agreement.

Metrod Malaysia is a manufacturer of oxygen-free copper rods, wires and strips. MetTube Malaysia is part of the Raj Bagri promoted London-based Metdist Group, a diversified company which has businesses in the metals trading and fabrication sectors as well as other sectors such as apparel, real estate and insurance.

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