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UAE's Dnata acquires 51 percent stake in UK's firm
(MENAFN) Dnata, the wholly-owned subsidiary of the Emirates Group, announced it has acquired a 51 percent stake in UK-based cruise distributor Imagine Cruising, Gulf News reported.
The company said in a statement that it had signed an agreement to purchase a majority stake. A spokesman from the company confirmed the size of the stake but refused to state the value of the investment.
The deal is subject to "merger control clearance" in South Africa with both companies operating in the market. Dnata stated its operations will remain independent of Imagine Cruising.
The company said in a statement that it had signed an agreement to purchase a majority stake. A spokesman from the company confirmed the size of the stake but refused to state the value of the investment.
The deal is subject to "merger control clearance" in South Africa with both companies operating in the market. Dnata stated its operations will remain independent of Imagine Cruising.
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