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Rak White Cement gives nod to Ultratech’s stake acquisition bid
The company will proceed with the regulatory procedures for the acquisition to take place
Electra gets regulatory greenlight to acquire Egypt’s Elsewedy Electric
Elsewedy Electric will need to tap a financial advisor and clarify the board’s decision within the next 15 days
THIS MORNING: Sidara makes final play for Wood Group + President in China
Plus: Drake & Scull’s shares soared 30% on its return to the DFM
Lunate acquires minority stake in US-based PE firm as part of USD 3 bn JV with Blue Owl
The “passive” investment will not have an impact on Linden’s operations or investment strategies
UltraTech to ramp up stake in Rak White Cement
The company is offering to pay AED 1.15 per share
IHC eyes USD 1 bn in mining acquisitions this year
Plus: At least 45 killed in Israeli attack on a refugee camp in Rafah
Adnoc mulls bid for Shell’s downstream assets in South Africa
The potential sale could have a price tag of USD 800 mn
Wood Group rejects another takeover bid from Sidara
The revised bid offered to buy Wood Group at a value 3.8% higher than Sidara’s previous bid
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