Bahrain Family Leisure Company (BFLC) signed a definitive agreement yesterday to acquire Truffle Hospitality Holding, the food and beverage subsidiary of Dividend Gate Capital (DGC), in a share-swap deal that will create a regional hospitality heavyweight.
Under the terms of the agreement, DGC will become the majority shareholder of the Bahrain Bourse-listed BFLC with a 58 per cent stake, while existing BFLC shareholders will see their ownership diluted to 42pc .
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