M&A Brief of the Week

Emirates NBD

Emirates NBD is holding preliminary discussions with Lebanon's Blom Bank for a potential acquisition of Blom Bank's existing shareholding in Egypt.

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Saudi Vitrified Clay Pipes Company

Saudi Vitrified Clay Pipes Company (SVCP) has extended a Memorandum of Understanding to acquire 75% of Advanced Piping Solutions.

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The National Marine Dredging Company

The National Marine Dredging Company (NMDC) has received an offer to merge with National Petroleum Construction Company (NPCC).

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Union Properties

Union Properties is planning for new acquisitions valued around AED 1.5 billion to promote the company's financial position.

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Unifeeder

Unifeeder, a wholly-owned subsidiary of DP World, will acquire three business units of Transworld Group, a shipping and logistics company in India.

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Aljazira Takaful Taawuni Company

Aljazira Takaful Taawuni Company has signed a binding merger agreement with Solidarity Saudi Takaful Company to acquire the latter’s entire issued shares.

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GFH Financial Group

GFH Financial Group has raised its stake in Global Banking Corporation (GB Corp) to 50.4% from 28.6% after completing a strategic acquisition for the majority of the corporation's stake.

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Madinet Nasr Housing and Development

Madinet Nasr Housing and Development (MNHD) approved an offer to sell its 98.4%-owned subsidiary Nasr Utilities and Installations (NUI) for EGP 30 million.

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Mubadala Investment Company

The UAE's Mubadala Investment Company and New York-based Kohlberg & Company have signed an agreement to acquire the majority stake in PCI Pharma Services, a pharmaceutical global supply chain solutions provider and a subsidiary of Partners Group.

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Bank of Bahrain and Kuwait

Ithmaar Holding has held initial talks about the plan of Bank of Bahrain and Kuwait (BBK) to acquire its wholly-owned subsidiary, Ithmaar Bank.

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Decypha Contribution Time: 27-Aug-2020 10:24 (GMT)
Decypha Last Update Time: 27-Aug-2020 10:24 (GMT)