Oman's ONIC Holding and Ominvest say boards approve proposed merger

April 20, 2015 8:28 AM

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DUBAI, April 20 (Reuters) - The boards of Oman National Investment Corp Holding and Oman International Development and Investment Company (Ominvest) have approved a proposed merger between the pair, according to bourse filings from both firms on Monday.

The merger will still require approval from the shareholders of both companies, the Capital Market Authority and the Ministry of Commerce and Industry, the filings said.

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