{"data":{"id":"a2d6a22e-6186-4ede-ac38-3f57e10c7ab2","type":"article","translation_group_id":"a2d6a22e-5f9c-411b-bcd1-3ddd819cafc2","language":"en","content_type":"announcement","title":"MAIR Group signs SPA for 70% strategic stake in Espressolab owner Eslab","dek":"MAIR Group PJSC signed an SPA to acquire 70% of Eslab, owner of Espressolab \u2014 a franchise-led network of 400+ specialty coffee shops across 21 countries \u2014 with founders retaining 30% and completion subject to regulatory approvals.","slug":"mair-signs-spa-70pct-espressolab-owner-eslab","published_at":"2026-09-23T10:00:00+00:00","updated_at":"2026-09-26T12:57:47+00:00","primary_category":{"id":"2","type":"category","key":"corporate","name":"Corporate","slug":"corporate","summary":"Company filings, board decisions, M&A, buybacks, and governance across listed issuers.","seo_title":"Corporate News | Capital Wire","meta_description":"Company filings, board decisions, M&A, buybacks, and governance news covering listed issuers across UAE and GCC equity markets."},"featured_media":{"id":"a2d6a22e-7289-46bb-b4a7-108182edb4ed","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559-1200.webp 1200w, https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559.webp 1280w","width":1280,"height":720,"alt":"MAIR Group signs SPA for 70% strategic stake in Espressolab owner Eslab","caption":"MAIR Group signs SPA for 70% strategic stake in Espressolab owner Eslab","credit":null,"license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2d6a118-b13b-49bf-b4b8-e9d251ca075e","type":"entity","entity_type":"company","collection":"companies","name":"MAIR Group PJSC","slug":"mair-group-pjsc","ticker":"MAIR","is_primary":true}],"flags":{"breaking":false,"featured":true,"correction":false},"subtitle":null,"executive_summary":null,"key_points":[],"body":[{"type":"paragraph","text":"MAIR Group PJSC (ADX: MAIR) announced on 23 September 2026 that it has entered into a Share Purchase Agreement to acquire 70% of the issued share capital of Eslab Kahve Gida Sanayi ve Ticaret A.\u015e. (Eslab), the owner of Espressolab, a Turkish-origin specialty coffee brand."},{"type":"paragraph","text":"The transaction is MAIR Group\u2019s first international acquisition since its ADX listing towards the end of 2024, extending its portfolio beyond UAE retail and commercial real estate. Under the SPA, Eslab\u2019s founders and existing shareholders will retain a 30% interest and continue to support the business. Completion remains subject to customary closing conditions, including applicable regulatory approvals."},{"type":"paragraph","text":"As of August 2026, the Espressolab network comprised more than 400 coffee shops across 21 countries, including more than 310 stores across more than 50 Turkish cities, on a predominantly franchise-led model."},{"type":"paragraph","text":"According to a MAIR Group press release filed with the Abu Dhabi Securities Exchange dated 23 September 2026."}],"seo":{"seo_title":"MAIR signs SPA for 70% of Espressolab owner Eslab | Capital Wire","meta_description":"MAIR Group PJSC signed an SPA to acquire 70% of Eslab, owner of Espressolab \u2014 a franchise-led network of 400+ specialty coffee shops across 21 countries \u2014 with founders retaining 30% and completion subject to regulatory approvals.","og_title":"MAIR signs SPA for 70% of Espressolab owner Eslab | Capital Wire","og_description":"MAIR Group PJSC signed an SPA to acquire 70% of Eslab, owner of Espressolab \u2014 a franchise-led network of 400+ specialty coffee shops across 21 countries \u2014 with founders retaining 30% and completion subject to regulatory approvals.","social_image":{"id":"a2d6a22e-7289-46bb-b4a7-108182edb4ed","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559-1200.webp 1200w, https:\/\/capital-wire.com\/storage\/media\/2de7d6bd5bfdb79e980d6dc3bad11fe7fcaf27349509f724405ff7ced1877559.webp 1280w","width":1280,"height":720,"alt":"MAIR Group signs SPA for 70% strategic stake in Espressolab owner Eslab","caption":"MAIR Group signs SPA for 70% strategic stake in Espressolab owner Eslab","credit":null,"license":"operator-supplied","ai_generated":false}},"secondary_category":null,"topics":[{"id":"1","type":"topic","key":"adx","name":"ADX","slug":"adx","summary":"Abu Dhabi Securities Exchange listings, filings, index moves, and market-structure developments.","seo_title":"ADX Market News | Capital Wire","meta_description":"Coverage of Abu Dhabi Securities Exchange listings, corporate filings, index moves, and ADX market-structure news for investors."}],"tags":[{"id":"16","type":"tag","key":"mair","name":"mair","slug":"mair"},{"id":"17","type":"tag","key":"espressolab","name":"espressolab","slug":"espressolab"},{"id":"18","type":"tag","key":"acquisition","name":"acquisition","slug":"acquisition"}],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2d6a22e-6446-4503-a9fe-329344f5d5ad","url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5524295","publisher":"apigateway.adx.ae","title":"ADX CDN \u2014 MAIR Espressolab SPA","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5524295","source_id":null,"label":"ADX CDN \u2014 MAIR Espressolab SPA","publisher":"apigateway.adx.ae"}],"corrections":[],"translations":[{"language":"ar","slug":"mair-signs-spa-70pct-espressolab-owner-eslab","published_at":"2026-09-23T10:00:00+00:00","is_current":false},{"language":"en","slug":"mair-signs-spa-70pct-espressolab-owner-eslab","published_at":"2026-09-23T10:00:00+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"b630664f-4698-4d91-9bca-70c495248301","locale":"en"},"errors":[]}