The Fijian Holdings Limited has invested about $4.5 million to acquire 25 percent shares in an international company Pernix Fiji Limited which is doing business in Fiji.
FHL Chairman Iowane Naiveli said this company has a reputation in construction and power infrastructure who have been in Fiji for the last eight years.
He added that this is more than increasing the shareholder value.
He believes with this partnership they will contribute in the energy sector and create more employment.
Pernix Group CEO and President Nidal Zayed said they have been talking about this transaction for the past three years and believes both companies have a chemistry which will work.
Both companies have signed a sales and purchase agreement.
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