solutions gets GAC approval to buy stc’s 49% stake in CCC

06/03/2023 Argaam
stc logo

stc logo

stc received on March 5 a no-objection certificate from the General Authority for Competition (GAC) to sell its 49% interest in Contact Center Co. (CCC) to Arabian Internet and Communications Services Co. (solutions).  

 

The deal is expected to be closed in the second quarter of 2023.

 

The completion of the deal is subject to other regulatory and commercial conditions.

 

stc is the largest shareholder in solutions, with a 79% of stake. In January, stc signed a sale and purchase agreement with solutions to sell stc’s entire 49% stake in CCC for a cash consideration, Argaam earlier reported.

 

For More Mergers and Acquisitions

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.