M&A Brief of the Week

Ayyan Investment Company

Ayyan Investment Company signed a share purchase agreement to acquire non-controlling equity of 26.43% in its subsidiary Al Ahsa Medical Services Company.

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Alexandria Medical Services

The Egyptian Financial Regulatory Authority has received a letter from the Abu Dhabi Commercial Bank (ADCB) with the final list of potential buyers of the bank’s 51.54% stake in Alexandria Medical Services - Alexandria New Medical Center.

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Raya Holding

Raya Holding for Financial Investments announced the sale of 9 million shares of its 99.8%-owned subsidiary Aman Electronic Payment Technology to the National Bank of Egypt (NBE).

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International Holdings Company

One of the subsidiaries of International Holdings Company (IHC) has acquired a 40% stake in the UAE-based Response Plus Medical Services (RPM), a unit of VPS Healthcare Group of Companies in Abu Dhabi.

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Al Babtain Power and Telecommunication Company

Al Babtain Power and Telecommunication Company announced the termination of the acquisition talks between its subsidiary Al Babtain Power and Telecom Egypt and the Saudi Egyptian Industrial Investment (SEII).

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Agility Public Warehousing

The board of Agility Public Warehousing has approved to sign an agreement with Denmark-based DSV Panalpina to sell its global integrated logistics business for an equity value of $4.1 billion (KWD 1.2 billion).

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Decypha Contribution Time: 29-Apr-2021 12:58 (GMT)
Decypha Last Update Time: 29-Apr-2021 13:00 (GMT)