UAE’s Global One Healthcare said today Tuesday that it has bought more shares of Alvotec, which will be listed in purse during the first half of quest’year, through the merger with a special purpose acquisition company backed by Oaktree Capital Management.
After the merger, the combined company, which will carry the Alvotec brand, will have a market value of $ 2.25 billion.
Yas Holding, the parent company of Global One, acquired a 2.5% stake in Alvotec in 2019 for a value of 1.8 billion dollars.
Alvotec is expected to raise $ 450 million after the merger is completed.
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