AD Ports Group has announced an update regarding ADQ’s voluntary conditional cash offer to acquire the shares in the company that it does not already own.
ADQ has appointed International Securities LLC as a co-manager for the proposed offer, adding the firm to the group of financial institutions supporting the transaction.
International Securities will work alongside Joint Lead Managers Emirates NBD Capital and First Abu Dhabi Bank, as well as Co-Lead Manager EFG Hermes UAE.
Emirates NBD Bank and First Abu Dhabi Bank are serving as the Joint Lead Receiving Banks for the proposed transaction.
The appointment relates to ADQ’s previously announced voluntary conditional cash offer to acquire up to 100% of AD Ports Group’s issued and paid-up share capital that is not already held by ADQ.
The latest disclosure represents a further procedural development in the proposed transaction as ADQ progresses with the offer process.
Source: AD Ports Group
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
