ZAWYA: IHC-backed Ghitha to sell 100% stake in AGRINV SPV to NRTC for $47mln

About this update from International Holding Company Pjsc

Staff WriterGhitha Agriculture Holding, a subsidiary of UAE-based food manufacturing firm Ghitha Holding, has signed deal to sell 100% of its shareholding in AGRINV SPV, an investment company specialising in the agricultural field, to NRTC Food Holding for $47 million.Ghitha Holding, which operates as a subsidiary under Abu Dhabi’s International Holding Company (IHC), will continue to consolidate AGRINV SPV through NRTC, which is amongst the largest fruit and vegetable trading companies in the UAE.In October 2021, IHC Food Holding acquired a 41% stake in NRTC Holding in a $45.20 million deal.(Writing by Bindu Rai, editing by Seban Scaria)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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