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Adia invests USD 200 mn in Indian medical device manufacturer Meril
The investment values Meril at an enterprise value of USD 6.6 bn
THIS MORNING: To fire or not to fire Jay Powell? + Local airlines act fast to fill gap left by Wizz Air
Plus: Adnoc to transfer OMV stake to new investment arm
Mubadala pours more capital into CityFibre and PCI Pharma Services
Plus: Adia invests AED 17.7 mn in Anthem Biosciences’ IPO
Adia to sell 50% stake in IFCO to Stonepeak
Triton and Stonepeak will share equal ownership and joint governance of IFCO after the sale
Adia, PAI Partners acquire controlling stake in French aviation firm Alvest + Adia mulls sale of stake in Equis
The investment aims to drive Alvest’s expansion and innovation plans
THIS MORNING: EGA to take action against Guinea? + Sequoia under fire after partner’s anti-Muslim remarks
AND- Capital Economics is the latest to forecast strong growth for the UAE’s non-oil sector this year
Adia, Apollo invest in Tikehau’s EUR 1 bn fund to back Egis growth
The capital will support growth for Tikehau’s engineering and consulting portfolio company Egis
THIS MORNING: EU antitrust regulators resume the review of Adnoc’s Covestro bid + ADIA eyes a minority stake in utilities firm Aggreko
Plus: Thales is in talks to open an artificial intelligence research center in Abu Dhabi
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