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- NPCC is controlled by the Abu Dhabi government through ADQ. ADQ is also a significant shareholder in NMDC.
www.offshore-technology.com/news/nmdc-gets-merger-offer-npcc-shareholders/Abu Dhabi-based NMDC receives merger offer from NPCC shareholders
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Dec 24, 2020 · The deal is a big win for NMDC shareholders as it will create an integrated oil and gas as well as marine services company with footprints across major MENA and South Asian countries. The entire...
Aug 17, 2020 · The offer has been proposed by General Holding Corporation (Senaat), which is a part of the Abu Dhabi government-owned ADQ, and other shareholders that hold a minority stake in NPCC. It gives an implied equity value of AED1.1bn ($299.5m) to NMDC.
Dec 20, 2020 · Shareholders of Abu Dhabi’s National Marine Dredging Company (NMDC), have agreed to the merger with National Petroleum Construction Company (NPCC) that will create one of the leading integrated oil & gas and marine services EPC players in MENA region.
Aug 16, 2020 · The deal also allows for a rationalisation of ownership, as ADQ has interests in both firms. It is a significant shareholder in NMDC and owns NPCC through Abu Dhabi General Holding Corporation, also known as Senaat. The companies generated collective annual revenue of Dh8.8bn last year, according to ADQ. Read More.
Dec 16, 2020 · UAE-based industrial investment holding firm, the Senaat General Holding Corporation, and minority shareholders of the UAE-based National Petroleum Construction Company (NPCC), have revealed that shareholders of National Marine Dredging Company (NMDC) voted to approve their offer to combine NPCC with NMDC.
Feb 11, 2021 · Abu Dhabi’s National Marine Dredging Company (NMDC) has completed the legal completion of its mega-merger with National Petroleum Construction Company (NPCC) to form one of the leading engineering, procurement, and construction (EPC) powerhouse in the region.
Dec 17, 2020 · The merger proposal from ADQ, the Abu Dhabi government-backed company that owns NPCC, was approved by NDMC shareholders earlier this week, Abu Dhabi’s official news agency WAM reported.
