The money raised will form a key component of the company’s $870mn acquisition of Brooge Energy
Brooge Energy
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acquisition
Dubai’s GULFNAV acquires Brooge Energy in AED 3.2bn strategic deal
The acquisition is expected to strengthen GULFNAV’s market position and boost its operational efficiency and competitive edge
acquisition
GULFNAV shareholders approve Brooge Energy asset buyout in AED3.3bn deal
The acquisition includes Brooge Petroleum and Gas Investment Company FZE, Brooge Petroleum and Gas Investment Company Phase III FZE, and BPGIC Phase 3 Limited