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Prospective acquisition worth circa AED 90 mn of a prominent bus service provider in UAE with a fleet of 300+ buses
Option 1 ▪ Conduct a detailed due diligence and submit a non binding offer in the range of AED 70 – 90 mn
Acquisition of 100% stake ▪ Appoint a bus operator for operations management of the business post acquisition
▪ Identify key players in the bus transport business within UAE and approach for a prospective partnership deal
▪ Acquisition stake target of 30% - 50% resulting in a transaction range of AED 25-45 mn
Option 2
Established in 2008, STS is one among the largest school bus providers in
JV/Minority stake UAE that transports 70,000 students to and from school each day
acquisition