Kandil Glass
The Egyptian Financial Regulatory Authority (FRA) is considering Kandil Glass’ request to increase the mandatory acquisition offer price to take over 100% equity in the National Company for Glass and Crystal (NG).
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Al Khaleej Training and Education Company
Al Khaleej Training and Education Company has renewed its non-binding memorandum of understanding (MoU) with Al Faisaliah National Schools Company to acquire a 60% stake in the latter.
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Saudi Industrial Investment Group
Saudi Industrial Investment Group (SIIG) has obtained the approval of National Petrochemical Company’s (Petrochem) shareholders to acquire the latter’s entire shares.
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ADQ and Chimera Investments
ADQ and Chimera Investments, an Abu Dhabi-based private investment company, have launched ADC Acquisition Corporation (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC).
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First Abu Dhabi Bank
First Abu Dhabi Bank (FAB) has withdrawn its non-binding offer to acquire a majority stake in the Egyptian Exchange (EGX)-listed Egyptian Financial Group Hermes Holding (EFG Hermes).
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Mubadala Investment Company
BlackRock Real Assets-led consortium, including Mubadala Investment Company (Mubadala), reached a binding agreement to invest in India-based Tata Power’s renewable energy subsidiary, Tata Power Renewable Energy Limited.
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Vodafone Egypt Telecommunications
Vodafone Egypt Telecommunications has raised its ownership stake in TBE Egypt for Payment Solutions and Services (Bee) and Applications & Payment Systems Development APSD (Masary), the subsidiaries of Ebtikar Holding for Financial Investments, to 9.99% each.
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