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Multiply Group is the new majority shareholder of Spanish retail group Tendam
The transaction values the parent company at AED 5.6 bn
ADQ takes control of Aramex with 63.2% stake
Abu Dhabi sovereign wealth fund ADQ finalized the acquisition of a 63.2% stake in DFM-listed logistics giant Aramex, slightly below…
THIS MORNING: Abu Dhabi’s minority stake in Telegraph gets greenlight from UK lawmakers + Dubai’s one freezone passport goes live
Plus: UAE passport climbs the ranks to eighth position worldwide
Adia invests USD 200 mn in Indian medical device manufacturer Meril
The investment values Meril at an enterprise value of USD 6.6 bn
Jewelry powerhouse Damas acquired by Indian jeweler Titan
The transaction is valued at AED 1.04 bn
Al-Futtaim takes big stake in Cenomi Retail
Cenomi Retail had been shedding brands as part of a turnaround bid. Al-Futtaim is now offering a lifeline — and…
IHC eyes SME space with acquisition of eFunder + Medad acquires USD 100 mn stake in NWTN
Zelo has deployed more than USD 200 mn in funding since its 2020 launch
Mubadala pours more capital into CityFibre and PCI Pharma Services
Plus: Adia invests AED 17.7 mn in Anthem Biosciences’ IPO
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