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Abu Dhabi Consolidates Pharma Assets to Form Life Sciences Firm

Abu Dhabi Consolidates Pharma Assets to Form Life Sciences Firm
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Abu Dhabi Consolidates Pharma Assets, Sets Sights on M&A

(Bloomberg) Abu Dhabi sovereign wealth fund ADQ is consolidating some of its pharmaceutical assets to create one of the region’s largest life sciences firms, with operations across four continents.Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldGold Retreats From Record as US Factory Data Spurs Fed DebateTreasuries Fall After Factory Data as Fed in Focus: Markets WrapBridgewater CEO's Turnaround

ADQ Combining Pharma Assets

Abu Dhabi’s US$ 159 billion state fund ADQ is looking to combine all of its pharma businesses under one banner in order to publicly list the combined company. Egypt’s Amoun Pharmaceutical would join Swiss Acino, UAE’s Pharmax Pharmaceuticals, and Turkey’s Birgi Mefar Group. ADQ wants to list the new company in the next year and…

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