BRIEF-ADNH Reaches Agreement With Compass Group International To Acquire Compass's Stake In Their JV Entities

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March 8 (Reuters) - ABU DHABI NATIONAL HOTELS CO ADNH.AD:

REACHES AGREEMENT WITH COMPASS GROUP INTERNATIONAL TO ACQUIRE COMPASS'S ENTIRE STAKE OF 50% IN THEIR JV ENTITIES OPERATING IN UAE
FORMALITIES FOR ACQUISITION ARE EXPECTED TO BE COMPLETED SOON
EXPECTED FINANCIAL IMPACT RESULTING FROM ACQUISITION IS ACHIEVING ADDITIONAL ANNUAL NET PROFIT OF ABOUT AED 100 MILLION

Further company coverage: ADNH.AD

((Reuters.Briefs@thomsonreuters.com;))

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