Global One Health Care of the UAE buys more shares of Alvotec

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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