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New Deal


Announced

Dubai Investments to acquire a 55% stake in National General Insurance for $70m.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Domestic

Public

Friendly

Single Bidder

life insurances

United Arab Emirates

Pending

Life Insurance

Acquisition

Private Equity

Majority

Synopsis

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Dubai Investments, an investment company, offered to acquire a 55% stake in National General Insurance, an insurance service provider, for $70m The company seeks to purchase a stake in National General Insurance at a price of $0.85 per share. Dubai Investment said the offer period begins on December 29 and will be open for 15 working days.

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