Kuwait-based Mezzan Holding has geared up to acquire Unitra Mets, the Red Bull energy drink distributor in the UAE, from Invest and its other shareholders.
The move reflects growing consumer-related investments in the Gulf Arab region which is driving mergers and acquisitions activity in recent years.
The financial terms of the transaction have not been disclosed, reported Reuters.
Apart from Red Bull, Unitra Mets also distributes other non-alcoholic beverage brands in the UAE such as San Pellegrino, the company claims.
NBK Capital, the investment banking unit of National Bank of Kuwait (NBK) and Gibson, Dunn & Crutcher have offered advisory services to Mezzan for the transaction.
