Dubai – Mubasher: Arabtec Holding, listed on the Dubai Financial Market (DFM), announced that it is in talks to mandate the Switzerland-based Investment banking company UBS as a financial advisor for the preliminary review and evaluation of a potential business combination with Trojan Holding, according to a bourse filing on Tuesday.

The Dubai-based leading contractor previously said it was mulling over the possibility of combining construction business with Trojan Holding, a construction company in Abu Dhabi.

The two companies will sign the contract following the completion of the technical, financial, and legal reviews.

The potential businesses combination may lead to a merger between the two companies

On 10 October, Reuters reported that Arabtec Holding and Trojan Holding have mandated Switzerland’s UBS bank and the DFM-listed Shuaa Capital to advise a potential merger between both companies.