M&A Brief of the Week

Swvl

Dubai-based Swvl has entered into a definitive agreement to acquire a controlling interest in the Barcelona-based Shotl, an Uber-like mass transit platform that partners with municipalities and corporations to provide on-demand bus and van services.

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Empower

Emirates Central Cooling Systems Corporation (Empower) has inked an AED 860 million agreement to acquire Nakheel’s district cooling unit, with a total cooling capacity of 110,000 refrigeration tonnes (RT).

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MaxAB

MaxAB, Egypt-based B2B e-commerce platform, has secured $15 million to acquire Morocco-based counterpart WaystoCap.

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Speed Medical Company

Speed Medical Company decided not to acquire Prime Speed Healthcare and expressed its satisfaction with its 30% stake in Prime Speed Medical Services.

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Raya Contact Center

Raya Contact Center approved a decision to proceed with the acquisition of 85% of Bahrain's Gulf Customer Experience, amounting to 335,829 shares.

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Sphinx Obelisk B.V

Sphinx Obelisk B.V. sold its entire stake of 52.05% in Taaleem Management Services.

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Decypha Contribution Time: 02-Sep-2021 10:37 (GMT)
Decypha Last Update Time: 02-Sep-2021 10:37 (GMT)