Competition authority approves FS Washington's acquisition of 23.75% of Four Seasons Holding

06/01/2022 Argaam

The General Authority for Competition approved the economic concentration between FS Washington Acquisition Corp. and Four Seasons Holding.
 

The economic concentration is represented in FS Washington's acquisition of a 23.75% stake in Four Seasons Holding.
 

Kingdom Holding Co. (KHC) announced earlier this month it completed the sale of its 23.75% stake in Four Seasons Holding Inc., through one of its affiliate, Kingdom Investment Co. 1 (TSF), to FS Washington Acquisition Corp., and received cash proceeds of SAR 8.29 billion, according to Argaam's data.
 

In September 2020, Kingdom Investment Co. 1 (TSF) signed an agreement with FS Washington Acquisition Corp., a subsidiary of Cascade Investment Group, to sell its 23.75% stake in Four Seasons Holding Co.

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