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More 1Q earnings roll in
Salik | Investcorp Capital | E7 | Orient Ins. | Fertiglobe | Agility Global | Agthia | Gulf Cement |…
TC Mena Holdings acquires majority stake in Gulf Cement
The company had been gunning for up to 100% of the company
Gulf Cement shareholders approve TC Mena Holdings’ takeover bid
The acquisition will see TC raise its holding to up to 100%
TC Mena raises offer price for Gulf Cement to AED 0.75 per share
Investors have until 24 April to tender their shares.
Gulf Cement’s board gives the thumbs up to TC Mena Holding’s takeover offer
TC Mena Holding had {submitted the bid earlier this month}, offering to buy the additional stake for AED 143.5 mn
TC Mena eyes 100% of Gulf Cement
The offer sets a minimum acquisition target of 50% plus one share
More earnings roll in…
AD Ports, Empower, Tabreed, and Salik all reported rises in their bottom line