Dubai, Abu Dhabi Said to Finish Bourse Merger Due Diligence
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Abu Dhabi and Dubai completed due diligence on a potential merger of the two stock markets in the United Arab Emirates, bringing the combination a step closer, according to two people familiar with the matter.
Valuation and structuring work was completed in December, with the deal now requiring approval from the governments of the two emirates, the people said, asking not to be identified as the information isn’t public.