The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 per cent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year, traders said on Monday.
Midea Group Company, China’s biggest appliance manufacturer, signed an agreement to buy an 80 per cent stake in Clivet SpA, an Italian maker of air conditioners.
The deal is expected to be completed by the end of the year, p
Sovereign wealth fund Kuwait Investment Authority (KIA) has told French authorities it wants to sell its stake in nuclear group Areva, La Lettre de l'Expansion reported on Monday.
KIA is Areva's second-biggest shareholder
Dnata has reached an agreement to purchase a stake in the Destination Asia Group, marking the Dubai-based group's first foray into Asia’s inbound travel market.
Destination Asia is an integrated destination management co
Dubai's Shuaa Capital said on Wednesday that Abu Dhabi Financial Group had reached an agreement to buy the 48.36 percent stake of the investment bank held by Dubai Banking Group.
The transaction, for which no value was disclos
Three Gulf-based private equity firms are competing to acquire a minority stake in Saudi Arabia's Al Borg Medical Laboratories, sources aware of the matter said on Monday.
The Gulf Arab region's fast-growing healthcare sec
Bahrain Telecommunications Co (Batelco) is no longer in talks to buy Maltese telecoms company GO, the Bahraini firm said on Tuesday.
Last week, Batelco announced it had submitted a bid for GO, which is 60 per cent owned by Emirate
Dubai Group is in the process of selling its stake in Shuaa Capital and is also obliged to divest its holdings in EFG Hermes and Bank Muscat this year, the chief executive of Dubai Group's parent firm said on Tuesday.
Qatar Airways said on Tuesday it had raised its stake in the British Airways-owner, International Consolidated Airlines Group (IAG), to 15.01 per cent and said it may consider acquiring more of the firm over time.
In April, the fi
Emaar Industries & Investments (EII), a member of Emaar Properties, has acquired a significant stake in the UAE-based privately owned Leaders Fort Contracting (LFC), a leader in specialised construction.
EII already has a sign