DUBAI, January 25 (Reuters)UAE Conglomerate International Holding Company IHC.AD plans to bid for Indian billionaire Gautam Adani, run by Adani Enterprises ADEL.NS The 200 billion rupiah ($2.45 billion) share sale which began on Wednesday, the company’s spokesman said.

“IHC is considering the possibility of bidding for the purchase of shares in Adani Enterprise’s FPO (follow-up public offering); however, should anything materialize, IHC will notify the market in accordance with governance rules and regulations”, IHC spokesman Ahmad Ibrahim told Reuters. .

Bloomberg News earlier reportedciting people familiar with the matter, that IHC was among the bidders for the FPO, alongside sovereign wealth funds Abu Dhabi Investment Authority and MubadalaMUDEV.ULas well as BNP Paribas BNPP.PA.

($1 = 81.5730 Indian rupees)

(Reporting by Yousef Saba, editing by Louise Heavens)

((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Source link

Leave A Reply