December 19, 2017 / 5:02 AM / 6 months ago

BRIEF-Takaful Emarat to Acquire Al Hilal Takaful from Al Hilal Bank

Dec 19 (Reuters) - TAKAFUL EMARAT INSURANCE:

* SIGNS SALE AND PURCHASE AGREEMENT WITH AL HILAL BANK TO ACQUIRE FULL SHARES OF AL HILAL TAKAFUL‍​

* AGREES TO ACQUIRE AL HILAL TAKAFUL FROM AL HILAL BANK IN AN ALL CASH TRANSACTION

* PLANNED ACQUISITION OF AL HILAL TAKAFUL IS SCHEDULED TO BE COMPLETED IN Q1 OF 2018‍​

* TAKAFUL EMARAT WAS ADVISED BY MILLIMAN AND HERBERT SMITH FREEHILLS, AL HILAL BANK WAS ADVISED BY KPMG DEAL ADVISORY AND ALLEN & OVERY Source text for Eikon: Further company coverage: )

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