ADQ Holding, an investment property company based in Abu Dhabi, announced the signing of a partnership agreement with the independent Australian Full Group, with the aim of accelerating the development of public and social infrastructure through strategic investments .
Under the agreement, ADQ Holding will acquire a 49% stake in Bellinari, including all shares currently held by the Canada Pension Fund (Quebec Investment and Employment Fund – CDPQ), which will continue to invest in a group of the group’s Australian assets. . Bellinari,” and will remain the main shareholder in the group’s business in the Americas region.
ADQ Holding Company’s investment contribution will be directed to support Bellinari’s ambitions and enhance growth in its key markets of Australia, the Middle East, Asia, the United Kingdom and Europe.
Through this partnership, both parties intend to create a platform for joint investments, focusing on investment opportunities in public and social infrastructure within geographical regions with high growth opportunities, such as Gulf, Middle East, and Central Asia Cooperation Council.
This partnership will enable ADQ Holding to enhance its proven track record of investing in infrastructure assets, thereby contributing to the acceleration of economic development in the UAE and beyond.
Hamad Abdullah Al Hammadi, Executive Vice President of ADQ Holding, said: “This partnership represents the beginning of our business in Australia, and demonstrates our commitment to concluding partnerships that enhance the strategy they have an investment that aims to achieve and provide added value in the long term. sustainable financial returns.”
He said: “We are confident that our partnership with Bellinari will provide us with many viable opportunities that will contribute to the development of new infrastructure projects that will contribute to economic growth and social well-being in the targeted areas.”
He continued: “Our current portfolio of infrastructure assets will help us to take advantage of the promising opportunities of public-private partnership projects, in collaboration with Bellinari, which has a proven track record in to develop successful infrastructure projects in different parts of the world.”
For his part, founder and Chairman of the Board of Directors of the Bellinari Group, John O’Rourke, said: “ADQ Holding Company’s investment in Bellinari will play an important role in accelerating the growth of our business in Australia and around the world. , and increasing our presence in the Middle East region.”
He said: “ADQ Holding has a leading role in the region and internationally, and has a strong portfolio of infrastructure assets, and is committed to supporting the development and operation of public infrastructure. We are confident that our great experience, which will be integrated with the capabilities and investment capabilities of ADQ Holding, will help us to take advantage of new opportunities and strengthen our position in promising markets.”
2024-04-25 00:00:00
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