International Holdings acquires 60% stake in Munnangi Seafoods

The value of the transactions has not been revealed.

Abu Dhabi – Mubasher:International Holdings Company (IHC), listed on the Abu Dhabi Securities Exchange (ADX), announced that it has acquired 60% of equity share capital of Munnangi Seafoods Private Limited.

IHC has also acquired a number of companies; namely, Zee Stores LLC, Cine Royal Cinema LLC, Palms Sports LLC, Trust International Group LLC, according to a bourse filing on Wednesday.

These transactions were implemented following a meeting between IHC and Royal Group on 18 September.

The value of the transactions has not been revealed.

Source: Mubasher

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