MAIR signs deal for 70% Eslab stake
Arabian Post Staff -Dubai Abu Dhabi-listed MAIR Group has agreed to acquire a 70 per cent stake in Eslab, owner of Turkish-origin specialty coffee chain Espressolab, marking the investment group’s first international acquisition since its stock-market listing. The company said it had signed a share purchase agreement for 70 per cent of Eslab’s issued share capital. Eslab’s founders and existing…
Abu Dhabi-listed MAIR Group has reached an agreement to acquire a 70% stake in Eslab, the owner of Turkish-origin specialty coffee chain Espressolab (DUBAI) - The investment group announced it had signed a share purchase agreement for 70% of Eslab's issued share capital. The remaining 30% will be retained by Eslab's founders and existing shareholders, who will continue supporting the business as it enters a new phase of growth.
The deal is subject to customary closing conditions, including regulatory approvals in relevant jurisdictions. MAIR did not disclose the purchase price or other financial terms in the announcement. The transaction would add a fast-growing consumer brand to MAIR's portfolio, which is centered on grocery retail, commercial real estate, and strategic investments.
The acquisition aims to diversify MAIR's holdings beyond its core UAE businesses and provide exposure to an established international food-and-beverage platform.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
