British accounting giant MHA PLC has announced the completion of its acquisition of Moore Stephens and Moore Stephens Consulting in the UAE, a deal valued at 36 million dirhams. The transaction was paid for with a mix of cash and 1,993,581 new shares. This deal strengthens MHA's foothold in the UAE, a strategically important market, and expands the company's support for clients in major global trade and investment corridors. The new shares are expected to be listed for trading on the London Stock Exchange's Alternative Investment Market on April 10, which will increase MHA's total issued ordinary shares to 286,899,495.
British MHA PLC Completes Acquisition of UAE Firms
British accounting giant MHA PLC has completed its acquisition of UAE-based firms for 36 million dirhams, strengthening its presence in the strategically important market.