Abu Dhabi Aviation sale
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Abu Dhabi Aviation sale
https://www.reuters.com/business/aer...ion-2022-10-17
Abu Dhabi's ADQ makes merger offer to Abu Dhabi Aviation
Reuters
DUBAI, Oct 17 (Reuters) - Abu Dhabi sovereign wealth fund ADQ said on Monday it had made an offer to take a controlling stake in Abu Dhabi Aviation (ADAVIATION.AD) and merge the helicopter operator with ADQ stakes in Etihad Engineering, AMMROC and GAL to create a "globally competitive aviation business" with about 9.4 billion dirhams ($2.56 billion) in assets.
ADA said in a stock exchange filing it would hold a board meeting on Wednesday to discuss the offer.
DUBAI, Oct 17 (Reuters) - Abu Dhabi sovereign wealth fund ADQ said on Monday it had made an offer to take a controlling stake in Abu Dhabi Aviation (ADAVIATION.AD) and merge the helicopter operator with ADQ stakes in Etihad Engineering, AMMROC and GAL to create a "globally competitive aviation business" with about 9.4 billion dirhams ($2.56 billion) in assets.
ADA said in a stock exchange filing it would hold a board meeting on Wednesday to discuss the offer.
