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Innovative Energy and The Public Investment Fund to acquire a remaining 31.2% stake in ADES International for $161m.

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Service Providers

Ashurst

legal advisors

Ashurst

Canaccord Genuity

brokers

Canaccord Genuity

EFG Hermes

financial advisors

EFG Hermes

Hill Dickinson

legal advisors

Hill Dickinson

Investec

brokers

Investec

Allen & Overy

legal advisors

Allen & Overy

Moelis & Co

financial advisors

Moelis & Co

Allen & Overy

legal advisors

Allen & Overy

or

Principals

ADES INTERNATIONAL HOLDING PLC

target

ADES INTERNATIONAL HOLDING PLC

INNOVATIVE ENERGY HOLDING LTD

bidder

INNOVATIVE ENERGY HOLDING LTD

PUBLIC INVESTMENT FUND

bidder

PUBLIC INVESTMENT FUND

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