Alpha Dhabi Holdings, a United Arab Emirates-based conglomerate, has ceased its plans to acquire a majority stake in the water and wastewater project developer Metito Holdings. This decision has emerged without a disclosed reason for the abandonment of the acquisition talks. Concurrently, Metito has revealed that it is in discussions with other potential third-party investors through its investment adviser. The acquisition was initially planned to involve the purchase of shares from Metito’s current shareholders, Mitsubishi Corporation, Mitsubishi Heavy Industries, and Gulf Capital, pending regulatory approvals.
Conglomerates, Water and Wastewater Management, Private Equity,United Arab Emirates
https://www.zawya.com/en/wealth/alternative-investments/uaes-alpha-dhabi-scraps-plan-to-buy-metito-of20p2ar