ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 17:49 UAE time

YOUR DIRECTORY /

| Share |

Qatar Fuel plans merger with Qatar Technical

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 08 April 2009
CONSOLIDATION PLANS: The merger plans are the latest in a series of similar moves by firms in world's top exporter of liquefied natural gas. (Getty Images)
CONSOLIDATION PLANS: The merger plans are the latest in a series of similar moves by firms in world's top exporter of liquefied natural gas. (Getty Images)

Qatar Fuel Co is looking to merge with Qatar Technical Inspection Co and could offer one share in Qatar Fuel for every 5.3 shares in Qatar Technical, a newspaper reported on Wednesday.

Qatar Fuel's board would meet on April 16 to discuss the proposed merger, Qatar daily The Peninsula reported, citing a company statement.

Shares of Qatar Technical have rallied 31.9 percent in the last three trading days.


Story continues below ↓
advertisement

Ernst & Young has been appointed as an auditor for the proposed merger, the latest in a series of consolidation plans by companies in the world's top exporter of liquefied natural gas, the newapaper said.

Earlier this month, Barwa Real Estate said it expected to close a merger with Qatar Real Estate Investments Co in four to six months.

The government has also this year called on Qatar Meat & Livestock Co and Al Meera Consumer Goods Co to merge, while Qatar Navigation Co and Qatar Shipping Co were ordered to combine in November. (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST ENERGY

  1. OPEC chief calls for climate talks compensation
  2. UAE nuclear deal seen in next few weeks
  3. $4.4bn Abu Dhabi oil project contracts awarded
  4. Qatar eyes $9.8bn petro investment in Asia
  5. Oil slips towards $79 on dollar, demand concern

TOP MIDDLE EAST BUSINESS STORIES

  1. Islamic banks should target female market - report
  2. UK builders still chasing $330m from UAE - report
  3. UAE sees fourth consecutive month of deflation
  4. Union Properties in talks to sell 50% Emicool stake
  5. UAE grocery sales growth slumps in 2009

ALSO IN MIDDLE EAST ENERGY

  1. ABB wins $38m deal to improve power efficency
  2. Oman sees oil price at $70-$80 per barrel in 2010
  3. Yards ahead
  4. Shell delays Qatargas4 project by a year
  5. ENOC will not increase Dragon Oil bid

LATEST MIDDLE EAST BUSINESS NEWS

  1. Banking & Finance: Islamic banks should target female market - report
  2. Travel & Hospitality: flydubai set to launch new flights to Nepal
  3. Real Estate: Dubai's Oct property sales value rises by 50% - official
  4. Politics & Economics: UAE considers allowing citizens to elect 50% of FNC
  5. Travel & Hospitality: Emirates brings forward Paris A380 plans

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

BRES.QE

Last Price:

0.00

0.00%

24 Nov 2009 09:49 GMT
(Market Closed)

RELATED STORIES

Barwa Real Estate Company
| 49 stories
  1. Barwa posts profit rise in first nine months
    22 Oct '09 | News
  2. Gulf Arab developers eye North Africa real estate
    8 Oct '09 | News
  3. $1.9bn Doha project ready for buyers in 2011
    6 Sep '09 | News
Qatar Fuel Company
| 1 story
    Qatar Real Estate Investment Company
    | 4 stories
    1. Qatar gov't orders Barwa, Qatar Real Estate merger
      19 Jan '09 | News
    2. Qatar Real Estate in $275mn Islamic financing deal
      2 Dec '08 | News
    Qatar Technical Inspection Company
    | 1 story

      RELATED LINKS

      1. Barwa Real Estate Company»
      2. Qatar Real Estate Investment Company»
      3. Qatar Technical Inspection Company »
      Related links open in a new window and are not endorsed by ArabianBusiness.com.

       EMAIL ALERTS

      1. Barwa Real Estate Company

      2. Qatar Fuel Company

      3. Qatar Real Estate Investment Company

      4. Qatar Technical Inspection Company

      5. Energy


      CURRENCY CONVERTOR

      Tell us your story

      CURRENT ISSUE


       

      READER COMMENTS

      1. Why I h8 junk txts 08
        24 Nov ' 09 at 12:46
        Trick them!Posted by Manish, Dubai - WHAT AN EXCELLENT IDEA - WHY NOT GIVE SOMEONES NUMBER IN ONE OF THE TELECOM'S DUOPOLYSURE WHEN...   More  »
      2. 'Worrying' diabetes tests raise doubt on UAE's health 05
        24 Nov ' 09 at 13:42
        Obesity is on rise in every part of the world but especially in Gulf region especially due to life style changes.We all need to...   More  »
      3. Dubai developers see negative press reports decline 04
        24 Nov ' 09 at 07:48
        How much can one read/write abt one particular event. That’s the only reason the negative writing has gone down no one is interested...   More  »

      Read all user comments >

      Gitex 2009

      MORE FROM ARABIANBUSINESS.COM

      JOBS

      SPECIAL REPORTS

      SURVEYS & REPORTS

      PROPERTY