Arabtec in talks to merge with Trojan Holding | Business – Gulf News:
Arabtec Holding, the construction firm that helped build the world’s tallest tower, confirmed on Tuesday that it was in discussions about a possible merger with Trojan Holding.
The two sides have commenced a review “of the possibility of combining their construction businesses,” Arabtec said. It said that if a deal is reached, it may lead to a merger between Arabtec and Abu Dhabi-based Trojan.
Arabtec’s share prices jumped on the news, and were trading over 10 per cent higher in the first 50 minutes of trade. Shares of the company were the most actively traded on the Dubai bourse, and rose past Dh1.76.
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