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Adnoc, OMV agree terms of petrochemicals units merger
The company will be listed on the ADX, and likely the Vienna Stock Exchange later
More M&As to be subject to merger control as of 1 April
Under the old system, market share was the only trigger for review
Multiply acquires 67.9% of Spanish retail group
The acquisition makes Multiply a majority shareholder
Ambrosia acquires 50% of Allied’s Mali gold mines
The acquisition comes as Allied looks to increase its Malian production
Mashreq launches Mashreq Biz, an SME-focused online banking platform
PLUS: Drake and Scull secures AED 1 bn Arabian Hills contracts
2PointZero acquires Egyptian fintech Maseera Holding, with plans for Abu Dhabi presence
The Abu Dhabi-based asset manager plans to inject some AED 1 bn into Maseera
Adnoc completes sale of 4% stake in Adnoc Gas to investors
The share sale was 4.4x oversubscribed
Mubadala backs Europe’s Apleona
The transaction is pending customary and regulatory clearances
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