hubergroup announced the successful closing of its acquisition by a consortium comprising of MAVCO Investments, a private entity belonging to select members of the Murugappa family, and funds managed by Avenue Capital Group. The sale and purchase agreement, initially announced on Nov. 12, 2024, has now received full regulatory approval across all markets in which hubergroup operates, with the transaction officially closing on April 8, 2025. “We believe in hubergroup’s tremendous potential,...