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)

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