MTS, known for its prominent brands Altel and Tele2, is Kazakhstan’s leading provider of ultrafast 5G connectivity
acquisition
Latest in acquisition
acquisition
Mubadala acquires Julphar arm DiabTec
The acquisition strengthens Mubadala’s portfolio of biologicals
acquisition
Qatar’s Aamal announces 20% stake increase in Frijns Structural Steel Middle East
The move is part of Aamal’s ongoing efforts to implement its growth strategy and strengthen its position within the industrial manufacturing sector
Abu Dhabi
Burjeel broadens physiotherapy offering in KSA with new acquisition
Abu Dhabi group buys 100% stake in Makkah’s Specialist Physiotherapy Center, adding to its PhysioTherabia network
acquisition
Burgan Bank receives CBK approval to acquire Bahrain’s UGB
Purchase price of the transaction settled at $190 million; Acquisition expected to be completed in the first quarter of 2025
acquisition
Saudi Arabia’s SPIMACO acquires 68% stake in Swiss pharma Osmopharm
The deal is expected to provide SPIMACO with a significant opportunity to strengthen its product portfolio, enhance its position in Saudi Arabia, and broaden its international footprint
acquisition
EXCLUSIVE: Japan’s giftee acquires 91% stake in Dubai’s YOUGotaGift
The deal is expected to close by the end of November, subject to regulatory approvals, with the existing management team remaining in place as a condition of the transaction
acquisition
Abu Dhabi’s CYVN Holdings enters non-binding deal to acquire McLaren’s automotive division
The potential partnership would also see the Abu Dhabi investment firm acquiring a non-controlling stake in McLaren Group
Abu Dhabi
Abu Dhabi’s ADNEC Group takes over London’s Business District Centre
A Grade II listed space, BDC is 4.5-acre freehold estate and one of UK’s most popular MICE venues hosting 130 events annually
acquisition
Bahrain’s Investcorp makes industrial real estate acquisitions in the US
Purchases in Tampa, Dallas, Atlanta, Denver and Las Vegas takes the size of total industrial portfolio to 625 buildings
acquisition
UAE’s e& completes majority stake acquisition in PPF Telecom
New company to be called ‘e& PPF Telecom’; Total transactional value is Euro 2.15 billion, alonside some other considerations
acquisition
Qantas not opposed to Qatar Airways’ bid for 25% stake in Virgin Australia
Qantas’ chair and CEO said the airline’s investment plan meant it was well-placed to compete
acquisition
UAE mobility firm EasyLease acquires majority stake in Gallega Global Logistics
The acquisition marks the entry of EasyLease, a subsidiary of IHC, into the UAE’s logistics sector
Abu Dhabi
ADNEC Group to expand portfolio with acquisition of Royal Catering
By integrating 2,500 employees and a daily capacity of 50,000 meals, ADNEC’s Capital Catering will become one of the largest in Abu Dhabi
Abu Dhabi
ADNOC acquires OCI Global’s majority stake in Fertiglobe for $3.62bn
Abu Dhabi company now owns 86.2% shares in the company after buying OCI’s majority stake of 50% + 1 share
Abu Dhabi
Masdar completes acquisition of 50% stake in US-based Terra-Gen
Operating portfolio increases 3.8GW of wind, solar and battery storage projects and 5.1GWh of energy storage facilities
acquisition
Qatar Airways to acquire 25% stake in Virgin Australia, enhancing airline partnerships
The stake will be acquired from Virgin Australia’s owner Bain Capital, the companies said in a joint statement