Home » Abu Dhabi Investors »

|| Abu Dhabi Buys Canadian Chemicals Company for $2.3 billion

Abu Dhabi Investors NOVAIPIC, the Abu Dhabi state enterprise responsible for investments in the hydrocarbons and related sectors, and NOVA Chemicals, one of North America’s leading plastics and chemicals companies have entered into an agreement for an all-cash acquisition of NOVA Chemicals.

The total value of the Transaction, including assumption of NOVA Chemicals’ debt, is approximately $2.3 billion, or $6.00 per share, a whopping 348% premium over the February 20th closing price of NOVA shares on the NYSE. More details on their dedicated website for this major deal.

(For a full list of investment companies from Abu Dhabi, check out our directory)

Previous Post: Intel Capital Invests in Three UAE Companies
Next Post: Middle East Investors to participate in an Alternative Energy forum in Dubai

More from Abu Dhabi Investors ...

  UAE Investors of Chimera invested in Dutch startup Zoi Meet

  Abu Dhabi firm Waha Capital invested $76 million in New York listed firm AerCap Holdings

  Middle East investors of Rasmala and GII acquired Airbus office complex in UK for $42 million

  Abu Dhabi firm ADFG invested in Montenegro Capital Plaza

  Abu Dhabi investment firm acquired stake at three Hong Kong hotels for $2.4 billion

  UAE firm NMC acquired Spanish fertility clinic for $161 million

  UAE investment firm acquired Scotland Yard HQ for $579 million

  Abu Dhabi fund buys 31 Accor hotels in Australia for $740 million

  Abu Dhabi investment firm ADIC buys stake in Tokyo property

  Abu Dhabi and Qatar funds front-runners to acquire 42 Marriott hotels for $1 billion

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2021 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter