UAE's Brooge Petroleum to list on Nasdaq after merger - Reuters:
The United Arab Emirates’ Brooge Petroleum and Gas Investment Co (BPGIC) said it would list on the Nasdaq stock exchange after merging with U.S.-based firm Twelve Seas Investment Co.
The $1 billion deal is expected to be finalised before July 1, Brooge said in a statement.
The move is part of the UAE-based oil storage company’s expansion strategy. BPGIC, which was set up in 2013, is one of the largest holders of storage assets in Fujairah.
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