business

Abu Dhabi Finance Company adjusts offer to purchase towers funds

Abu Dhabi Finance Company adjusts offer to purchase towers funds

ABU DHABI – Mubasher: Abu Dhabi Financial Group (ADG) has made a revised offer to acquire the rights of managing the UAE's Abraaj funds in the Middle East, according to news reports

Reuters said it had seen the new bidding document from the financial group in Abu Dhabi.

Abu Dhabi Finance said in a letter to investors in the towers of the towers that it is unlikely that the offer will be reached due to the & # 39; packing & # 39; of the situation.

Abu Dhabi's financial group is looking for a special budget for full legal accounting and a budget. The new offering includes up to $ 6 million in accounting and litigation, as well as a $ 10 million credit facility for financing transactions in the Middle East. East, reported Reuters.

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