IN BRIEF: Amedeo Air Four Plus clears UAE hurdle for Lesha takeover

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Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Announces that the Competition Department of the Ministry of Economy of the United Arab Emirates confirms approval of Amedeo’s acquisition by LAC 10 LLC, a vehicle of Qatar-based investment bank Lesha Bank LLC. Amedeo also confirms that the sanction hearing for the acquisition scheme of arrangement is scheduled for Thursday, June 25. Amedeo and LAC 10 announced their agreement on the acquisition of the former’s entire issued share capital on March 6. Lesha will pay Amedeo stakeholders 73 pence per share in cash, valuing the firm at around £190 million and implying an enterprise value of £751 million.

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