by Jennifer George | September 13, 2024 | Banking, Mergers & Acquisitions, News
Dubai-listed Mashreq Bank will sell a 65% stake in NeoPay, a key Mashreq subsidiary for IDFAA Payments Services LLC, to Arcapita Group Holdings Limited and Turkish fintech firm Dgpays S.A.R.L. The local lender is expected to enter a long-term shareholder arrangement...
by Jennifer George | August 29, 2024 | Mergers & Acquisitions, News
The enterprise wing of the UAE’s leading tech-telco group, e&, has officially acquired a 100% stake in Turkey’s GlassHouse Bilgi Sistemleri Ticaret Anonim Şirketi, a nationally acclaimed cloud and SAP infrastructure service provider. e& purchased...
by Jibran Munaf | July 1, 2024 | Mergers & Acquisitions, News
BlackRock, the world’s largest asset management company, has announced an agreement to acquire UK-based data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash. This strategic move aims to bolster BlackRock’s presence in the private markets data...
by Jibran Munaf | June 27, 2024 | Mergers & Acquisitions, News
France’s Saint-Gobain has entered into an agreement to buy Dubai-based construction chemicals company FOSROC for around 960 million euros ($1.03 billion) to drive its international expansion, the company announced on Thursday. The transaction, which will be...
by Jibran Munaf | June 25, 2024 | Breaking, Industry, Mergers & Acquisitions, News
German chemicals firm Covestro is giving ADNOC access to its books and stepping up talks based on an improved €11.7 billion ($12.5 billion) takeover offer, following more than a year of courtship by the Emirati energy company. Covestro, a manufacturer of plastics and...
by Jibran Munaf | June 20, 2024 | Breaking, Fintech, Mergers & Acquisitions, News
Abu Dhabi Islamic Bank (ADIB) partners with DIFC Innovation Hub to accelerate FinTech adoption Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has announced a strategic collaboration with the DIFC Innovation Hub, the premier financial...
