Link Family Office and U Nyan Win has entered into a definitive agreement to acquire Ooredoo Asian Investments Pte Ltd. from Ooredoo Q.P.S.C. for approximately $160 million.

Link Family Office and U Nyan Win has entered into a definitive agreement to acquire Ooredoo Asian Investments Pte Ltd. from Ooredoo Q.P.S.C. (DSM:ORDS) for an enterprise value of approximately $580 million on September 8, 2022. The acquisition has an enterprise value of approximately $576 million and total equity consideration of $162 million. The transaction has been approved by the board of directors of Ooredoo and of Nine Communications Pte.

Ltd, and remains subject to customary closing conditions, including regulatory approvals in Myanmar. Ernst & Young UK, Investment Banking Arm acted as financial advisor to Ooredoo Q.P.S.C. (DSM:ORDS). Valentina Santambrogio and Chris Watson of CMS acted as legal advisors to Ooredoo Q.P.S.C. (DSM:ORDS).