BATIC seeks competition authority’s approval on several acquisitions

15/07/2018 Argaam

 

BATIC Investment and Logistics Co. (BATIC) has applied to get the approval of the General Authority for Competition (GAC) on acquiring a number of companies and assets, the Saudi regulator said in a statement.

 

BATIC sought approval to acquire Himmah Logistics Company, Al Muhaidib Land Transport Company and Arabian Security & Safety Services Co. Ltd (AMNCO).

 

It also plans to acquire assets in Dar Al Abbar Ltd., Abdulrahman Abdullah Abbar and Sons Ltd. and Abdullah Abbar & Sons Cold Stores (ACS).

 

GAC urged anyone with interest to share views on these deals. 

 

In May, BATIC revealed that it will issue over 9.33 million shares in order to finance the purchase of companies and assets, Argaam previously reported.

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