Announced

United Printing & Publishing to go public via a SPAC merger with ADC in a $300m deal.

Synopsis

United Printing & Publishing, a company that prints identification cards, to go public via a SPAC merger with ADC Acquisition, an Abu Dhabi-based blank cheque company, in a $300m deal. “As the region’s first SPAC merger process, this transaction marks a notable achievement for ADC and reaffirms Abu Dhabi Securities Exchange (ADX) as the region’s most dynamic financial market.” Seif Fikry, ADC CEO.

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