An alliance plans to acquire GEMS Education for $6 billion

Bloomberg Agency reported that an alliance including the holding company (ADQ) and Aldar Properties Company has appointed consultants in the tender to buy the “James Education” group.

The agency said the consortium has named both Standard Chartered Bank and Rothschild Corporation in a bid to acquire GEMS Education, which is a major operator of schools private in the world, headquartered in Dubai.

He added that “GEMS Education” is working with “Goldman Sachs” and “Morgan Stanley” to complete the potential sale, which could reach a value of $6 billion.

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