Abu Dhabi’s IHC Invests in Oxford Nanopore to Help Boost Covid-19 Testing

(Bloomberg) -- International Holdings Co. invested 39 million pounds ($51 million) in Britain’s Oxford Nanopore Technologies to help the company boost its coronavirus testing capability.

The investment is part of the DNA sequencing technology firm’s 84.4 million-pound equity raise. Oxford Nanopore recently developed a new rapid test for the coronavirus.

Through a flurry of mergers and acquisitions that started last year, International Holding has amassed a portfolio spanning real estate to utilities and healthcare to food services. Its shares have soared more than 500% in 2020, giving it a market capitalization of about $19 billion.

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