Friday 20 January 2017

KBBO hires banks for subsidiary London listing

UAE's investment company KBBO Group has hired Goldman Sachs and Morgan Stanley among others for an expected $1 billion-plus London listing for one its subsidiaries, sources close to the matter told Reuters. Privately-owned KBB


NMC sells 40pc stake to Centurion for $1bn

UAE-based private healthcare firm New Medical Centre (NMC) has sold a 40 per cent stake to Centurion Investment to expand in overseas markets as demand for medical care surges, its CEO said on Saturday. NMC, a 36-year-old company with hosp


Bank Muscat not to sell HDFC stake

Bank Muscat, whose shares surged as much as 8.5 percent on Sunday, has no plans to sell any stake in HDFC after India's third-biggest lender agreed to buy Centurion Bank of Punjab. "We have no such plans," said a Bank Muscat official, who

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