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Damac’s data center unit acquires Nordic data center developer
The company will build a “significant future capacity in the Nordics”
Plus: Big week for food and beverage acquisitions
Agthia acquired bottled water services firm Riviere, expanding its revenue growth for the water and food segment by 6.5%
Updates on Aramex and EIB’s acquisitions
ADQ now owns 63.26% of Aramex
EHC Investment’s energy arm EIG acquires Al Fanar Gas Group
Al Fanar operates in all seven Emirates
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
Epik Foods acquires Sauce Capital as part of regional expansion plans + Basatne now owns Cartlow
This will add 15 brands to Epik Foods’ portfolio
Adia eyes Swedish ERP provider IFS alongside Temasek and Canada Pension Plan
Two of the company’s three PE owners, Sweden’s EQT Partners and TA Associates, are set to trim their stakes
THIS MORNING: Tabreed eyes Multiply’s district cooling arm + Goodbye, Bento
Plus: UAE hotels saw 30.8 mn guests in 2024
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