UAE: Investment company IHC announced plans to merge its flagship portfolio companies 2PointZero, Multiply Group and Ghitha Holding into a single entity valued at about AED120 billion (US$32.68 billion) – creating one of Abu Dhabi’s largest listed investments with the new 2PointZero Group, which will stay listed on the Abu Dhabi Securities Exchange. The transaction is expected to be completed in November for this entity – which will focus on the energy and consumer sectors.
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