Deal Snapshot
VFS GLOBAL TO TAKE FULL OWNERSHIP OF VFS TASHEEL JV
Tuesday 13 March 2018

United Arab Emirates-based outsourced visa services provider VFS Global has agreed to take over 100% ownership of its VFS TasHeel joint venture with the TasHeel Group and Vasco, as per a binding agreement signed between both parties, the company said.
As the outsourced visa services partner of the Saudi ministry of foreign affairs, VFS TasHeel manages Saudi Arabia visa application services across 30 countries since 2013. VFS TasHeel is currently a joint venture between the TasHeel Group and VFS Global.


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Details
Date Published: 13/03/2018
Target: VFS TasHeel
Country: Saudi Arabia ,  
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: TasHeel Group,  and Vasco
Buyer: VFS Global
Comment:
Buyout of JV partners

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