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Prepares for the IPO and wants to strengthen its position in the Middle East markets
Sources revealed that the company "Ober" was in the advanced stage of discussions for the purchase of a competitor in the Middle East, "Karim".
Bloomberg, quoting informed sources, said the two companies could announce in the coming days a transaction in cash and shares of $ 3.1 billion.
Ober, which is becoming a public system this year, is looking for new growth opportunities while facing fierce competition in its core business of passenger services in the Middle East.
The company is ready to realize its global ambitions while preparing for the IPO, while seeking to strengthen its position in the Middle East markets.
In November, Chief Financial Officer Nelson Chai said the company had invested in high potential markets in India and the Middle East and continued to consolidate its leadership position.
Sources: "Ober" is about to buy "cream" for $ 3 billion. Advertising in the next days
Mohammed al-Buqami
previously
2019-03-24
Sources revealed that the company "Ober" was in the advanced stage of discussions for the purchase of a competitor in the Middle East, "Karim".
Bloomberg, quoting informed sources, said the two companies could announce in the coming days a transaction in cash and shares of $ 3.1 billion.
Ober, which is becoming a public system this year, is looking for new growth opportunities while facing fierce competition in its core business of passenger services in the Middle East.
The company is ready to realize its global ambitions while preparing for the IPO, while seeking to strengthen its position in the Middle East markets.
In November, Chief Financial Officer Nelson Chai said the company had invested in high potential markets in India and the Middle East and continued to consolidate its leadership position.
March 24, 2019 – 17 Rajab 1440
The time now is 06:40 PM
Prepares for the IPO and wants to strengthen its position in the Middle East markets
Sources revealed that the company "Ober" was in the advanced stage of discussions for the purchase of a competitor in the Middle East, "Karim".
Bloomberg, quoting informed sources, said the two companies could announce in the coming days a transaction in cash and shares of $ 3.1 billion.
Ober, which is becoming a public system this year, is looking for new growth opportunities while facing fierce competition in its core business of passenger services in the Middle East.
The company is ready to realize its global ambitions while preparing for the IPO, while seeking to strengthen its position in the Middle East markets.
In November, Chief Financial Officer Nelson Chai said the company had invested in high potential markets in India and the Middle East and continued to consolidate its leadership position.
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