ADNOC’s XRG Secures Majority Stake in Covestro with €14.7 Billion Acquisition
by XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), has achieved a significant milestone by securing a 91.32% stake in Covestro AG, …
Tag: Stake
uBroker Spa Expands Reach with Stake in Memorable Games
uBroker Spa has acquired a significant 49% share in the Italian independent game development studio, Memorable Games, marking a strategic move to broaden its presence …
ADNH Catering to Increase Stake in Saudi Joint Venture
ADNH Catering, a prominent UAE-based catering services provider, has announced plans to raise its ownership stake in its Saudi joint venture, Compass Arabia, to 50%. …
Young Koreans, Seeing Democracy at Stake, Take to the Streets
South Korea’s night of martial law was a jolt for some members of a generation accused of political apathy. They say they aren’t going away.
Dubai Fintech Stake Expands Operations to Saudi Arabia
Dubai-based fintech platform Stake has officially launched its operations in Saudi Arabia, marking a significant step in its expansion strategy across the Middle East. This …
Mubadala Acquires Minority Stake in Zelis as Global Expansion Accelerates
Mubadala Investment Company has entered into an agreement to acquire a minority stake in Zelis, a prominent US-based health technology firm. This deal, valued at …
Aramco Expands into Mobility Solutions with Horse Powertrain Stake
Saudi Aramco, the world’s largest energy company, has secured a significant foothold in the evolving mobility sector through its acquisition of a 10% stake in …
G.M. Will Sell Stake in EV Battery Plant to LG
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Spanish Government Approves Saudi Stake Expansion in Telefónica
Spain has approved Saudi Arabia’s telecommunications giant, STC Group, to expand its investment in Telefónica, the nation’s iconic telecom operator, from just over 5% to …
ADNOC Gas stake sale could reshape UAE’s investment landscape
Abu Dhabi National Oil Company (ADNOC) is reportedly considering the sale of an additional 3% to 5% stake in its gas subsidiary, ADNOC Gas. This …