M&A Brief of the Week

The Securities House

Kuwait’s Capital Markets Authority approved the merger contract draft between The Securities House and Al Aman Investment.

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SABIC

Saudi Basic Industries Corp. (SABIC) has announced that it obtains approvals to merge its affiliate Saudi Petrochemical Company with its affiliate Arabian Petrochemical Company.

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Pioneers Holding Company

Pioneers Holding Company for Financial Investment decided to split the company into three separate companies.

It plans to acquire additional stakes in Giza General Contracting, United Co for Housing and Development, Elsaeed Contracting, El Kahera Housing, and in Electro Cable.

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Walaa Cooperative Insurance

Walaa Cooperative Insurance Company has entered into a binding merger agreement with MetLife AIG ANB Cooperative Insurance Company.

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International Holdings Company

International Holdings Company (IHC), announced that it has acquired 60% of equity share capital of Munnangi Seafoods Private Limited.

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Arab Dairy Products Co

Arab Dairy Products Co. announced that all negotiations and due diligence processes to acquire a stake in the company have ended.

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Averda

Averda has acquired rival Zenath Recycling & Waste Management in a consolidation of the UAE's waste management sector.

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Nestle

Nestle said it has finalized the sale of its skincare business to a group led by Swedish private equity firm EQT and the Abu Dhabi Investment Authority in total deal value $10Bn.

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Decypha Contribution Time: 03-Oct-2019 08:12 (GMT)
Decypha Last Update Time: 03-Oct-2019 08:12 (GMT)