Tyco International Ltd announced today that it has completed its acquisition of a 75 per cent equity stake in the United Arab Emirates-based KEF Holdings.
KEF is an integrated valve manufacturer and provider of steel castings to the oil an
Dubai International Capital (DIC), the private equity investment arm of Dubai Holding, said it has completed a successful exit from UAE-based KEF Holdings by selling its 45 per stake in the company for a substantial profit.
KEF, a fully in
KEF Holdings, a UAE-based manufacturer of steel castings and valves, opened its new state-of-the-art facility at Sharjah Hamriyah Free Zone, making it the first integrated manufacturer of industrial valves in Middle East.
The new 50,
Clyde & Co said it has advised KEF Holdings and subsidiaries, including Emirates Techno Casting on the sale of a 45 per cent strategic stake to the emerging markets division of Dubai International Capital.
Clyde & Co, the largest i