Sources say the United Arab Emirates’ Abu Dhabi and Dubai have both hired advisers to guide a potential merger of the nation’s two main stock exchanges, say reports.
In an exclusive report by Fox News, reports say anonymous sources have confirmed banks were hired to advise on a combining of the Dubai Financial Market and the Abu Dhabi Securities Exchange; rumors of their merger have swirled in recent years.
If a merger were successful, the deal could boost investment across markets within the UAE, say reports.
According to the sources, Abu Dhabi has hired JP Morgan Chase as well as First Gulf Bank; Investment Corporation of Dubai has reportedly hired Citigroup to advise on a possible deal.
Spokespeople for the advisers declined to comment.
Full Content: Fox Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI