Announcement of Notification to Submit a Voluntary Conditional Cash Offer to Acquire AD Ports Group Shares
AD Ports Group (ADX: ADPORTS), a leading global facilitator of trade, logistics, and industry, announces that it has received a notification from L’IMAD Holding Company PJSC (L’IMAD), a sovereign investor of the Government of Abu Dhabi, of its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding ...
AD Ports Group has received notice from L’IMAD Holding Company PJSC, a sovereign Abu Dhabi investor, of its intent to submit a voluntary, conditional cash offer to acquire up to 100% of the company's shares, not already owned by ADQ, AD Ports Group's wholly-owned subsidiary. L’IMAD currently holds 75.42% of AD Ports Group. The offer would be priced at AED 6.25 per share, and the matter will be presented to the company's board of directors.
ADEQ will follow the Capital Market Authority’s acquisition and merger rules. The company will provide updates on any significant developments.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.