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Announced

Completed

Emaar Properties to merge with Emaar Malls.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United Arab Emirates

shopping mall development

Acquisition

Public

Majority

Single Bidder

Merger

Real Estate Holding and Development

Friendly

Completed

Synopsis

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Emaar Properties, an Emirati multinational real estate development company, agreed to merge with Emaar Malls, a developer of premium shopping mall and retail assets. Emaar Malls shareholders (excluding Emaar Properties) will receive 0.51 Emaar Properties shares for every one Emaar Malls share, representing a remium of 7.1% to the closing price of Emaar Malls on March 1, 2021. On September 6, 2021, Securities & Commodities Authority issued its final approval pertaining to the proposed merger of the two companies.

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