Hedge Funds & Alternative Investments
Mergers & Acquisitions
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Abu Dhabi’s ADQ sets up SPAC with Chimera, eyes nearly $100mln IPO
Abu Dhabi state-owned ADQ and Chimera Investments have established a special purpose acquisition company (SPAC), which is expected to raise nearly $100 million dirhams through a share sale. The SPAC, called ADC Acquisition Corporation, was set up by ADQ through its Alpha Oryx special purpose vehicle and Chimera. It is…
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