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Emirates Stallions Group to sell stake in WFC Holding

by WAYA Staff - Apr 11, 2023
Emirates Stallions Group to sell stake in WFC Holding

Abu Dhabi-listed Emirates Stallions Group (ESG) will seek shareholder approval to sell its share in subsidiary WFC Holding LLC for US$85.6 million.

ESG acquired a 70% stake in the company in November 2021.

The company announced in a bourse filing to Abu Dhabi Securities Exchange (ADX) that it intends to sell its share to Reach Global Services Holding 1 SPV and one of its subsidiaries.

ESG will seek shareholder approval at general assembly on Thursday.

WFC Holding is a leading Tech & Data-Driven smart shared services outsourcing company that specializes in Business Process Outsourcing (BPO) and Manpower Outsourcing (MPO).

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