Abu Dhabi – Mubasher: Eshraq Properties has given up a plan to acquire Reem Investments following the failure of bilateral talks.
Both UAE-based companies stated in August 2017 that they were negotiating a potential merger.
“The strategic investment of Reem Investments in Eshraq Properties will not be completed,” Eshraq Properties said in a bourse statement.
Companies did not reveal further details.
“Further to discussions and deliberations, the parties have not been able to agree on major commercial matters underpinning the deal,” Arabian Business reported.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
