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Etisalat offers higher price for Maroc stakeGulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter. Etisalat's bid needs further work, however, an More… |
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Majid Al Futtaim to buy Carrefour's 25pc stakeCarrefour, Europe's largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 millio More… |
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Carrefour to divest 25pc stake in ME ventureCarrefour, Europe's largest retailer, is in advanced talks to divest its remaining 25-per cent stake in its Middle Eastern joint venture to local partner Majid Al Futtaim (MAF), two sources familiar with the matter said. Famil More… |
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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… |
