DFM announces direct deal on Emirates Refreshments' shares

Poseidon Ocean Systems acquired around 9.89% of Emirates Refreshments

  
A trader monitors stock information at Dubai Financial Market, in Dubai, United Arab Emirates. Image used for illustrative purpose.

A trader monitors stock information at Dubai Financial Market, in Dubai, United Arab Emirates. Image used for illustrative purpose.

REUTERS/Stringer
Dubai – Mubasher: The Dubai Financial Market (DFM) announced a direct bulk deal on around 1.47 million shares of Emirates Refreshments Company at a price of 2.95 per share.

The total value of the transaction amounted to about AED 3.78 million, according to a press release on Wednesday.

Through the direct deal, Poseidon Ocean Systems, a Canadian full-service aquaculture engineering and support company, has acquired around 9.89% of Emirates Refreshments.

It is noteworthy to mention that in May 2016, the DFM launched 'Direct Deals' service to enable investors and brokerage firms to accomplish bulk deals on shares of a listed company without being bound by the price limits applied in the market.

Source: Mubasher

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