Arabtec Holding evaluates merger with Trojan Holding

DUBAI: Arabtec Holding has notified Dubai Financial Market (DFM) that the company is contemplating a merger with Trojan Holding LLC, a company established in Abu Dhabi.

“Arabtec Holding and Trojan Holding have commenced a review of the possibility of combining their construction businesses,” a bourse filing said.

In the event an agreement is reached between the two companies following the technical, financial and legal reviews, a contract will be signed detailing the terms and applicable procedure for the combination, which may lead to a merger between the two companies.

Arabtec Holding PJSC, together with its subsidiaries, provides construction services for residential, commercial, oil and gas, infrastructure, power, facilities management, and property development sectors in the United Arab Emirates and internationally. It operates through Construction; Mechanical, Electrical and Plumbing; Oil & Gas, Infrastructure and Power; and other segments.

 

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