Tag: Acquisition
Amazon to acquire primary healthcare provider One Medical for $3.9bn
American eCommerce giant Amazon has agreed to buy primary care provider One Medical for $3.9 billion, marking a major expansion of the company’s move...
Agthia Group to acquire 60% of Egypt’s F&B retailer Auf Group
The Board of Directors of Agthia Group, one of UAE’s leading food and beverage (F&B) companies, has approved a strategic acquisition of 60 percent...
DP World’s Imperial acquires controlling stake in Africa FMCG Distribution
DP World-owned Imperial has acquired a controlling stake in Nigeria's Africa FMCG Distribution as the global ports operator continues to expand its presence in...
Elon Musk to withdraw $44bn bid to buy Twitter alleging deal...
Billionaire Mr. Elon Musk is seeking to withdraw the $44 billion bid to buy the American microblogging platform, Twitter, alleging multiple breaches of the...
Careem acquires Dubai-based money transfer platform Denarii
Careem, a Dubai-based vehicle for hire company, has acquired assets of Denarii, a leading money transfer platform in the region, that integrates fintech and...
Careem acquires UAE’s subscription-based food delivery platform MUNCH:ON
Dubai-based vehicle for hire company, Careem has acquired the UAE-based subscription-based food delivery platform, MUNCH:ON.
Founded in 2016, MUNCH:ON connects customers to meals at a...
Abu Dhabi’s Al Seer Marine acquires 2 VLCCs for $110mn to...
Al Seer Marine, an Abu Dhabi-listed marine company engaged across multiple marine sectors, has acquired two Very Large Crude Carriers (VLCC) worth $110 million...
UAE’s IHC acquires 25% stake in Dubai-based Invictus Trading
Abu Dhabi-based investment firm, International Holding Company (IHC) has acquired a 25 percent stake in Dubai-based international trading company Invictus Trading through one of...
