Northstar Group, the largest private equity firm in Indonesian, is set to acquire a majority stake in Nera Telecommunications Ltd. (SGX: N01) for S$88.8 million ($72.6 million).

Eltek ASA (OSE: ELT), based in Drammen, Norway, agreed to sell a 50.05 percent interest in the Singapore-based satellite communications company. Northstar said it plans to follow-up with a purchase of the remaining shares in a mandatory unconditional cash offer, totaling about $146 million.

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