Friday , 24 January 2020

UAE’s Arabtec talks with UBS to advise on potential Trojan merger deal

In September, the Dubai listed contractor said that it has commenced with Abu Dhabi-based construction group Trojan Holding a review of the possibility of combining their construction businesses.

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.

About Marc Mcilhone

Marc Mcilhone
Marc Mcilhone is ArabBrains' Editor - sourcing news and features content and overseeing the work of the site’s contributors. Marc’s work is informed by his technical background in architecture having worked for some of the UK’s leading practices on projects within the education, healthcare and housing sectors. Marc has a particular interest in how innovators are creating sustainable solutions that have a positive impact on people’s everyday lives. Please email press releases and news to: editor@arabbrains.com

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