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Lulu Company (Merchandising company) decided to purchase 100% of Raya company (Real estate company) at the beginning of 2019, both companies are agreed on creating
Lulu Company (Merchandising company) decided to purchase 100% of Raya company (Real estate company) at the beginning of 2019, both companies are agreed on creating a new company called LR company for real estate and general trading furthermore they agreed on that using the FMV for any exchanging transactions.
Question: what method of business combination is it? statutory merger OR statutory consolidation? and why?
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