Oman's Ominvest says to explore possible ONIC Holding merger
DUBAI, July 20
DUBAI, July 20 (Reuters) - Oman International Development and Investment Co (Ominvest) said on Sunday it had written to fellow investment firm Oman National Investment Corp Holding to open talks on a possible merger.
"Ominvest would like to disclose that it has written to ONIC Holding to explore a possibility to form a strategic arrangement between the two organisations," Ominvest said in a bourse filing.
Any potential tie-up between the pair would be subject to both firms agreeing terms as well as receiving the approvals of shareholders and regulators, the statement added. (Reporting by David French; Editing by Andrew Torchia)