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Linde expands further in the region after upping stake in Airtec
Plus: Hub71's latest cohort includes 26 new startups
BlueFive takes over Neo Capital to launch private wealth arm
The move brings in USD 650 mn in AUM under Mumtalakat-backed BlueFive’s umbrella
Cvyn Holdings acquires remaining stake in McLaren Racing alongside Mumtalakat, taking full control of the racing unit
The transaction, which includes McLaren’s Formula 1 team, values the team at over GBP 3 bn
Sidara to acquire UK’s Wood Group for GBP 216 mn
The transaction includes a USD 450 mn capital injection from Sidara to shore up Wood’s liquidity
THIS MORNING: New trade bloc on the horizon? + Fuel prices up in September
Plus: UAE presides over an Arab League Council session in Cairo today
Adia to invest up to USD 1.5 bn in Singaporean logistics firm GLP
The sovereign fund has been a backer of GLP’s funds for years
THIS MORNING: D-day for Sidara? + Sotheby’s brings first auction series to Abu Dhabi in December
Plus: Talabat parent firm Delivery Hero cuts earnings guidance amid FX headwinds
Sidara lowers its bid to acquire Wood Group after completing due diligence
The “put up or shut up” deadline was extended to tomorrow
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