Announced
Financials
Sources
Tags
Transportation Services
Majority
Merger
United Arab Emirates
Cross Border
Single Bidder
Friendly
Private
Acquisition
Pending
shipping
Private Equity
Synopsis
United Overseas Group, an investment company, agreed to acquire United Arab Chemical Carriers, a private oil tanker shipping company. Financial terms were not disclosed. The Transaction is conditioned on, among other things, receipt of shareholder and regulatory approval and is expected to close in the first quarter of 2021.
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