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Abu Dhabi-listed Emirates Stallions Group (ESG) is acquiring 100% of the capital of Tri Star Investment, according to a bourse filing on Tuesday.
The transaction is still subject to regulatory approvals and “completion of formalities”, the company told the Abu Dhabi Securities Exchange (ADX), where its shares trade.
Established in 2005, Tri Star Investment has an interest in real estate, including commercial brokerage.
ESG is an investment, engineering and construction services business and a subsidiary of International Holding Company (IHC).
(Writing by Cleofe Maceda; editing by Seban Scaria )
