Abu Dhabi sovereign investor L’IMAD moves to acquire up to 100% of AD Ports Group
Dubai: L’IMAD, a sovereign investor of the Government of Abu Dhabi, has announced its intention to make a voluntary conditional cash offer to acquire up to 100% of the issued and paid-up share capital of AD Ports Group. The proposed transaction will be made through L’IMAD’s wholly owned subsidiary Abu Dhabi Developmental Holding Company, ADQ, which already owns 75.42% of AD Ports Group. The offer…
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