#UAE's Arabtec talks with UBS to advise on potential Trojan merger deal | ZAWYA MENA Edition

UAE's Arabtec talks with UBS to advise on potential Trojan merger deal | ZAWYA MENA Edition:

UAE’s Arabtec Holding is in negotiations with UBS to appoint the bank as financial advisor to assist the preliminary review and evaluation of a potential business combination with Trojan Holding.

In September, the Dubai listed contractor said that it has started reviewing the possibility of combining its construction businesses with Abu Dhabi-based construction group Trojan Holding, which could lead to a merger between the two companies.

Arabtec posted a 47.26 percent drop in profit in the second quarter of 2019 as costs and expenses increased.