Abu Dhabi's Arabtec, Trojan hire advisers for potential merger: sources - Reuters:
Arabtec Holding ARTC.DU and Trojan Holding have mandated Swiss bank UBS (UBSG.S) and Dubai-listed Shuaa Capital SHUA.DU as advisers on a potential merger between the two United Arab Emirates construction firms, two sources with knowledge of the matter told Reuters.
Arabtec, which helped build the Louvre Abu Dhabi, said in September the two companies “commenced a review of the possibility of combining their construction businesses.”
The Gulf construction sector has slumped since a collapse in oil prices four years ago forced governments to rein in spending, leading to a debt crunch at some companies that operate across the Middle East.
No comments:
Post a Comment