Fetriglobe to acquire Wengfu Australia’s distribution assets
The acquisition will see Fertiglobe take over an asset portfolio including eight warehouses spread across five ports
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The acquisition will see Fertiglobe take over an asset portfolio including eight warehouses spread across five ports
PLUS: Uber to buy 85% of Turkey’s e-commerce platform Trendyol Go for USD 700 mn
The agreement includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China
The acquisition is subject to regulatory approvals and is slated to be completed in June
PLUS: CMA CGM secures 35% stake in an Egypt dry port + Ajman Bank downsizes its stake in GulfNav
The merger was backed by a USD 110 mn funding round led by PIF-backed Sanabil Investment and US-based Valar Ventures
Italy’s Snam is buying in
Stories on our radar this morning from around the region
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