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Investment Dar offers new settlement to creditorsKuwaiti investment house Investment Dar has offered to give creditors a stake in a portfolio of assets in exchange for their debt as an alternative to an offer made under a KD1 billion ($3.5 billion) debt restructuring plan agreed in 2011. More… |
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Drake & Scull ‘will not sell stake in company’The chief executive of Dubai contractor Drake and Scull has no plans to sell his stake in the company, he said on Tuesday, but there will be more partnerships on projects with builder Arabtec. Drake, which specialises in mechanica More… |
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K&L Gates advises Nabil on Carlyle dealA Dubai-based team of lawyers from global law firm K&L Gates has advised Jordan’s Rassam family on the sale of a significant minority interest in Al Nabil Food Industries to alternative asset manager, The Carlyle Group. More… |
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Carlyle Group buys stake in Jordan’s Al NabilPrivate equity firm Carlyle Group said on Monday it had acquired a significant minority stake in Al-Nabil Food Industries Company, a Jordanian producer of frozen and chilled foods. It said the investment was part of a focus on fas More… |
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US firm buys key stake in Bahrain projectLeading US firm Avenue Ventures (AV) has reached a deal with Bahrain-based Al Areen Holding Company to acquire a 35 per cent stake in the company and also be a key partner in upgradation of its existing hospitality and leisure facilities, said a More… |
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Verizon ‘will not pay premium for Vodafone stake’Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts, In a note to clients, analyst Philip Cusick said Verizon boss More… |
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Qatar Foundation to buy 5pc Airtel stake for $1.26bnIndia’s Bharti Airtel, a leading provider of mobile and Internet services, will sell a 5 percent stake in the company to Qatar Foundation Endowment for $1.26 billion to strengthen its capital structure and fund future growth plans. More… |
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Qatar Foundation to buy 5pc Airtel stake for $1.26bnIndia’s Bharti Airtel, a leading provider of mobile and Internet services, will sell a 5 percent stake in the company to Qatar Foundation Endowment for $1.26 billion to strengthen its capital structure and fund future growth plans. More… |
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Etisalat may buy Maroc Telecom stakeUAE's leading telecom services company Etisalat may buy out all minority shareholders in Maroc Telecom if its bid for Vivendi's 53 per cent stake in the Moroccan company succeeds. The Moroccan state owns 30 per cent of Mar More… |
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Etisalat, Ooredoo battling for Vivendi's Maroc Tel stakevivendi has received two binding offers from Gulf companies for a 53 per cent stake in Maroc Telecom, the first tangible sign of progress in the French media and telecom conglomerate's efforts to remake itself. Etisalat of the Uni More… |
