Announced
Financials
Tags
fund
Private Equity
Pending
Friendly
investment company
Private
Majority
Acquisition
Merger
Domestic
United Arab Emirates
Private Equity
Single Bidder
Synopsis
Eshraq, an ADX-listed investment firm, agreed to acquire Goldilocks, an investment fund. Financial terms are not disclosed. "The proposed transaction is a win-win for both Eshraq and Goldilocks shareholders, particularly in terms of investment portfolio diversification and increased liquidity. Most importantly, the acquisition of a high-performing fund like Goldilocks will enable Eshraq to increase its profitability, improve its share price and positions the company for strong business performance, while creating tangible and long-term sustainable value for Eshraq shareholders. We also expect the transaction to give us access to profitable deal flow at an early stage," The Board of Directors, Eshraq Investments.
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