The deal implies an equity value of Dhs623m for the Abu Dhabi-based printing, commercial printing and last-mile delivery business
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ADQ-backed SPAC to merge with United Printing & Publishing
Abu Dhabi-based printing, commercial printing, and last-mile delivery business, United Printing & Publishing (UPP), is set to merge with a special purpose acquisition company (SPAC) backed by ADQ, the emirate’s state holding company. The merger deal implies an equity value of Dhs623m for UPP, showcasing the company’s strong position in the market. This strategic move will enhance UPP’s growth potential and further solidify its presence in the industry.
A lucrative merger deal
The merger between UPP and the ADQ-backed SPAC represents a significant development for both entities. With an equity value of Dhs623m, this deal highlights the confidence placed in UPP’s capabilities and market potential. The merger aims to leverage UPP’s expertise in printing and commercial services, as well as its last-mile delivery solutions, to drive further growth and expansion. This collaboration will help UPP strengthen its position as a key player in the Abu Dhabi market and beyond.
Benefiting from a strategic partnership
The merger with the ADQ-backed SPAC positions UPP to benefit from the resources, expertise, and network of its partner. ADQ’s backing will provide UPP with a solid foundation for accelerating its growth trajectory and exploring new opportunities. By joining forces, both entities can create synergies and combine their strengths to deliver innovative and efficient solutions to their customers. This strategic partnership holds immense promise for UPP’s future success.
An exciting future ahead
The merger between UPP and the ADQ-backed SPAC marks a significant milestone in the company’s journey towards expansion and innovation. With the support and resources of ADQ, UPP is poised to enter a new phase of growth and establish itself as a leader in the printing, commercial printing, and last-mile delivery market. This exciting development showcases the vibrant and dynamic business environment in Abu Dhabi, with companies constantly striving to push boundaries and achieve excellence.
References:
Gulf Business. (n.d.). ADQ-backed SPAC to merge with United Printing & Publishing. Retrieved from [Insert link to the source article here]
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