Eshraq Investments set to acquire Goldilocks and take value of its combined assets past $1.03 billion – ArabianBusiness
- Date: 29-Mar-2022
- Source: Arabian Business
- Sector:Economy
- Country:Middle East
Eshraq Investments set to acquire Goldilocks and take value of its combined assets past $1.03 billion – ArabianBusiness
The board of directors of the Abu Dhabi Securities Exchange-listed Eshraq Investments PJSC (Eshraq) has agreed to acquire 100 percent shares of Goldilocks Investment Company Limited (Goldilocks).
Under the terms of the transaction, Eshraq will issue new shares to swapping Goldilocks investors, in exchange for their shares in the fund.
The transaction values Eshraq at 40.6 fils per share, a 37.8 percent premium to Eshraq’s closing price as of Monday, March 28, 2022.
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