Oman's Ominvest says to explore possible ONIC Holding merger

DUBAI, July 20 Sun Jul 20, 2014 2:23am EDT

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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)