Sunday 31 August 2014
 
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Equity stake

Mubadala unit to buy 49pc stake in PSUAD

Abu Dhabi-based Mubadala Development will sell 49 per cent of its equity interest in Manhal Development, the owner of the campus of the Paris-Sorbonne University Abu Dhabi (PSUAD), to Mubadala Infrastructure Partners (MIP). Mubadala, Gener

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Lockheed acquires stake in Ammroc

Abu Dhabi-based Advanced Military Maintenance, Repair and Overhaul Center (Ammroc) announced that Lockheed Martin, a leading developer of advanced military aircraft, has acquired an equity stake in Ammroc. With this, Lockheed joins shareho

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QFIB buys 41pc stake in construction firm

Qatar First Investment Bank (QFIB) has acquired a 41 per cent equity stake in Qatar Engineering and Construction Company (QCon), a leading engineering firm specialising in executing engineering projects for the oil and gas industry. T

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JP Morgan buys equity stake in DME

JP Morgan has taken an equity stake in the Dubai Mercantile Exchange (DME), the market said in a statement on Tuesday. JP Morgan is joining a number of international financial institutions including Goldman Sachs already invested in the DM

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