Acquisitions8 April 2026 at 05:21 pm
Euro Pratik Sales Ltd Subsidiary Acquires 51% Stake in Element Trading Co for AED 51,000
AI Summary
Euro Pratik Trade FZCO, a wholly owned subsidiary of Euro Pratik Sales Ltd, has acquired a 51% stake in Element Trading Co (LLC) for a consideration of AED 51,000. This acquisition makes Element Trading Co (LLC) a stepdown subsidiary of Euro Pratik Sales Ltd. The acquisition is aimed at expanding Euro Pratik Sales Ltd's market reach in Dubai. Element Trading Co (LLC) was incorporated on 18th December, 2024 and has a capital of AED 100,000 with no turnover. The acquisition is not a related party transaction and will be completed by 30th September, 2026. The consideration will be paid in cash.
Key Highlights
- Euro Pratik Trade FZCO acquires 51% stake in Element Trading Co (LLC) for AED 51,000
- Element Trading Co (LLC) becomes a stepdown subsidiary of Euro Pratik Sales Ltd
- Acquisition aimed at expanding market reach in Dubai
- Element Trading Co (LLC) incorporated on 18th December, 2024 with a capital of AED 100,000 and no turnover
- Consideration will be paid in cash and acquisition to be completed by 30th September, 2026