L'IMAD launches tender offer to acquire remaining AD Ports shares
Dubai: L'IMAD, a sovereign investor of the Government of Abu Dhabi, has launched a voluntary tender offer through its wholly owned subsidiary Abu Dhabi Developmental Holding Company PJSC, or ADQ, to acquire up to 100% of the remaining shares in AD Ports. Get updated faster and for FREE: Download the Gulf News app now - simply click here The offer opened on August 18 and will close at 3 pm on…
Dubai's L IMAD, a government of Abu Dhabi funded sovereign investor, has initiated a voluntary offer to purchase up to full ownership of AD Ports. The tender opened on August 18 and will conclude on September 15, 2026, unless extended. L IMAD, via its subsidiary ADQ, currently holds 75.42% of AD Ports and is proposing Dh6.25 per share for the remaining shares.
This offer price offers a 23% premium above the last closing price, a 25% premium over the one-month trading average, and a 31% premium over the three-month average. IPO participants will receive a 95% cash return at the offer price. Following the announcement of the offer, AD Ports' board is scheduled to meet on August 21 to consider the proposal, among other matters, with additional updates to follow, including the release of an offeree circular as per acquisition and merger regulations.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
