M&A Brief of the Week

Public Investment Fund

The Public Investment Fund signed an agreement to acquire a 2.32% equity stake in India's leading digital services platform, Jio Platforms, for $1.5 billion.

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Taiba Investments Company

Taiba Investments Company announced the sale of its 29.5% stake in Fiber Glass Oasis Co, a closed joint-stock associate company.

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SEDCO Capital

SEDCO Capital, has exited German-based ABC West, a multi-let office property, achieving an internal rate of return (IRR) of 30% for its investors.

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EFG Hermes

The Egyptian Financial Group Hermes Holding (EFG Hermes) and the Sovereign Fund of Egypt announced obtaining the Central Bank of Egypt’s approval to conduct due diligence process on the Arab Investment Bank to acquire 76% of the bank’s capital.

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Apicorp

Arab Petroleum Investments Corporation (Apicorp), acquired a 20 % equity stake in the Jordan Wind Project Company, which operates the Tafila wind project in Jordan.

Decypha Contribution Time: 25-Jun-2020 08:11 (GMT)
Decypha Last Update Time: 25-Jun-2020 08:11 (GMT)