Sign in
The National Investor (TNI) is offloading its 10% stake in the National Catering Company, after TNI accepted a binding offer from an undisclosed buyer to acquire its shares, according to an ADX disclosure (pdf). Shareholders at TNI’s annual general assembly signed off on the offer last month, according to the disclosure.
The financials: The offer — which the disclosure only says was presented by “related parties” — values the National Catering company at AED 250 mn, reflecting a 14% markdown from its book value.
About The National Investor: TNI is an Abu Dhabi-based investment management and advisory firm specialized in asset management, merchant banking, and real estate investments.
