Categories: India

Abu Dhabi's IHC to merge several portfolio companies into single $32.7 billion investment company

Oct 15 (Reuters) – Abu Dhabi's International Holding Co announced plans on Wednesday to merge several of its portfolio companies into a single investment holding company valued at 120 billion dirhams ($32.67 billion). It said the transaction, which will see the merger of its companies 2PointZero, Multiply Group , and Ghitha Holding, would be completed by mid-November. ($1 = 3.6728 UAE dirham) (Reporting by Menna Alaa El-Din and Jaidaa Taha; Editing by Chris Reese)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

UPDATE 1-Nike quarterly sales miss estimates as China weakness, competition weigh

(Adds shares and background in paragraph 2, details in paragraph 4) Oct 1 (Reuters) -…

3 minutes ago

Ahead of face-off with Italy, Zidane says 'no regrets' about 2006 World Cup headbutt

VIDEO SHOWS: FRANCE TEAM TRAINING SESSION, FRANCE PRESS CONFERENCE, ITALY PRESS CONFERENCE COMPLETE SHOTLIST AND…

4 minutes ago

Nike quarterly sales miss estimates as China weakness, competition weigh

Oct 1 (Reuters) - Nike missed analysts' expectations for quarterly revenue on Thursday as it…

7 minutes ago

Wall Street regulator proposes rules on investment adviser crypto asset custody

WASHINGTON, Oct 1 (Reuters) - The US Securities and Exchange Commission on Thursday proposed new…

8 minutes ago

UPDATE 1-US FAA set to convene review of Boeing 737 MAX software issue on Friday

(New throughout, adds details about software issue) WASHINGTON, Oct 1 (Reuters) - The US Federal…

14 minutes ago

Ahead of face-off with Italy, Zidane says 'no regrets' about 2006 World Cup headbutt

VIDEO SHOWS: FRANCE TEAM TRAINING SESSION, FRANCE PRESS CONFERENCE, ITALY PRESS CONFERENCE COMPLETE SHOTLIST AND…

15 minutes ago