Travel Counsellors, one of UK’s top technology platforms for travel entrepreneurs, said it has inked a deal for the strategic acquisition of Canadian group - The Travel Agent Next Door - thus creating a transatlantic leader in the travel operator market.
Stake, a curated and global digital real estate investment platform, has reinforced its position as a pioneer in end-to-end digital ownership innovation, servicing, and property management through its latest investment product, StakeOne.
Saudi finance ministry has acquired an 86% stake in Saudi Binladin Group Holding after the company’s AGM approved a capital hike through conversion of outstanding debt into shares. Under the restructuring, the group’s liabilities are estimated at SAR23.3 billion ($6.2 billion).
Kuwait Petroleum Corporation (KPC) is set to launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, said a report. The shift comes as oil prices, down more than 25% in two years, sit below levels needed to fund the Gulf’s diversification plans.
Abu Dhabi-based Mubadala Investment Company has announced that it has sold its minority stake in Arcadia, a leading consumer health and wellness platform headquartered in US, in conjunction with the recently announced acquisition of Arcadia by funds managed by New York-based Bansk Group.
