ADIA plans to acquire 30% of Domestic & General Group | ZAWYA MENA Edition

ADIA plans to acquire 30% of Domestic & General Group | ZAWYA MENA Edition:

Abu Dhabi Investment Authority (ADIA) has agreed to acquire a 30 per cent stake in Domestic & General Group, the UK appliance warranty provider owned by CVC Capital Partners, reported Bloomberg.

The deal with the Abu Dhabi’s sovereign wealth fund is expected to be announced in London this week.

CVC is opting for a deal with ADIA instead of an initial public offering (IPO) of the business due to market uncertainty and the transaction is expected to close by the end of the year.