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Talabat fully acquires Instashop from Delivery Hero
The cash-based transaction was valued at USD 32 mn reflecting Instashop’s capital amount rather than its fair value
Canada launches retaliatory tariffs on the US, Mexico to respond + US firms to control Panama Canal ports
Stories on our radar this morning from around the world
Qatar Airways gets green light for Virgin Australia acquisition bid
PLUS: Saudi’s PIF eyes stake in aerostructure unit of Italy’s Leonardo
e& sells stake in Khazna + MGX buys in
PLUS: DHL acquires minority stake in KSA’s Ajex
TODAY: Adnoc wraps sale of 4% stake of Adnoc Gas + Qatar gets new oil and gas logistics hub
What we’re tracking this morning regionally and around the world
KSA’s Zahid’s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg
Independent valuations from Rothschild estimate the stock’s worth between ZAR 105.53-119.43 apiece
Aramex to respond to ADQ’s acquisition bid by next month
The strategic acquisition would value Aramex at AED 4.39 bn
Boeing expected to acquire Spirit AeroSystems by mid-2025
Stories on our radar this morning from around the world
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