Monday 25 July 2016
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


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


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


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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