M&A Brief of the Week

Bupa Investments Overseas Limited

Bupa Investments Overseas Limited completed the procedures to buy 4.8 million shares in Bupa Arabia for Cooperative Insurance Company from Modern Computer Programs Company (MCPC), a Nazer Group firm, representing to 4% of Bupa Arabia’s share capital.

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Anaam International Holding Group

Anaam International Holding Group signed a non-binding memorandum of understanding with Ghadeer for Real Estate Company to fully acquire its share capital upon reaching a final agreement.

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Emaar The Economic City

Emaar The Economic City has entered into a share subscription agreement with Dayim Modern Real Estate Management Company, ME Royal Capital LLC, ME Partners Capital LLC, ME Strategic Investments LLC, ME Holdings LLC, Emaar Middle East LLC, and the Public Investment Fund (PIF).

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Al Ramz Corporation Investment

A direct deal was implemented on the shares of Al Ramz Corporation Investment and Development at a total value of around AED 5.5 million.

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International Holdings Company

International Holdings Company will allocate AED 2 billion ($540 million) for acquisition processes.

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Adnoc

Abu Dhabi National Oil Company signed an agreement worth $5.5 billion with Apollo Global Management to lease some of its properties on a long term basis.

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Decypha Contribution Time: 03-Sep-2020 07:40 (GMT)
Decypha Last Update Time: 03-Sep-2020 07:40 (GMT)