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Abu Dhabi signs off on another mega merger in energy services sector

Shareholders approve creation of a mega-combine through NPCC and NMDC deal Abu Dhabi has been busy consolidating its strengths across multiple sectors, including banking and energy. Image Credit: Ahmed Ramzan/Gulf News Dubai: Abu Dhabi shareholders have signed off on another mega merger - this one involves the National Petroleum Construction Company and National Marine Dredging Company. The latter s shareholders  have now voted in favour of the move. Now, the General Holding Corporation PJSC ( or Senaat as it s known) and other minority shareholders in NPCC would transfer their stakes to NMDC. NPCC is into engineering, procurement and construction services for the offshore and onshore oil and gas sector.

Update from ADQ s Senaat and other minority shareholders of NPCC on offer to combine NPCC with NMDC

Abu Dhabi signs off on another merger in energy services sector

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