11 Hrs
Source:
الاتحاد
Abu Dhabi Ports receives bid notice from Al Emad Holding
Abu Dhabi Ports Group announced that it has received a notice from Al Emad Holding Company, a subsidiary of the Abu Dhabi government, regarding its intention to submit a voluntary cash buyout offer to acquire up to 100% of the company's shares. The offer reflects a premium of 23% over the company's last closing price and 95% compared to the listing price in the market. This comes while Al Emad currently owns 75.42% of the shares through ADQ. The necessary procedures will follow according to applicable regulations, and further announcements will be issued regarding any developments.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)