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ADQ, ADNEC Group Sign Definitive Agreements To Acquire 40 5 Percent Stake In TMG Holding s Hospitality Business In Egypt #AbuDhabi

ADQ and Adnec to acquire a 40 5% stake in Egypt-based hospitality firm

UAE Business: Abu Dhabi groups buy 40pc stake in TMG s hospitality unit

Abu Dhabi groups buy 40pc stake in TMG s hospitality unit

Abu Dhabi group ADQ has joined hands with Adnec to acquire a strategic 40.5% stake in Icon Group, the hospitality arm of Egypt-based Talaat Moustafa Group through a capital increase. The Icon owns 3 Four Season properties as well as a Kempinski hotel.

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