Sunday 16 December 2018
 
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Gulf Capital sells 74pc stake of PET subsidiary

Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, said that its portfolio company, Middle East Glass (MEG), successfully sold a 74 per cent stake in its PET subsidiary, Medco Plast for Packing and Wr

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Balmoral Tanks enters services sector with WET buy

Scotland-based Balmoral Tanks, a leading tank manufacturing company, said it has acquired a majority stake in Tamworth-based Water Environmental Treatment (Wet) to fast-track its move into the legionella compliance and water industry services ma

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Etisalat sells 28pc stake in Thuraya for $37m

UAE-based telecom firm Etisalat completed the sale of its stake in Thuraya Telecommunications company for Dh137 million ($37 million) to Star Satellite Communications, a media report said. The stake has been sold to Star, a subsid

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Dnata raises stake in Italian ground-handler to 70pc

Dubai-based dnata, a leading global air services provider, has exercised its option to acquire an additional 40 per cent share in Airport Handling SPA, effectively increasing dnata’s total interest in the Milan-based ground handler to 70 p

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Dnata buys majority stake in Dubai baggage services company

Dnata, one of the world's largest air services providers, has announced the acquisition of a majority stake in logistics company Dubz and has subsequently launched a new baggage collection service. According to a statement rel

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Dnata buys majority stake in Dubai baggage services company

Dnata, one of the world's largest air services providers, has announced the acquisition of a majority stake in logistics company Dubz and has subsequently launched a new baggage collection service. According to a statement rel

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Minor acquires additional 25pc stake in NH Hotel Group

Minor International has reached an agreement with HNA Group to purchase an equity stake of 25.2 per cent in NH Hotel Group in a two-tranche transaction valued at €619 million ($727.7 million). The purchase follows Minor&rsquo

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EIBank plays key role in Country Hill stake sale

Emirates Investment Bank (EIBank) said it had played a key advisory role in the sale of a controlling stake in Country Hill International (CHI), a leading premium meat company in the UAE, to the Gulf Japan Food Fund, which is partly owned by Miz

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EIBank plays key role in Country Hill stake sale

Emirates Investment Bank (EIBank) said it had played a key advisory role in the sale of a controlling stake in Country Hill International (CHI), a leading premium meat company in the UAE, to the Gulf Japan Food Fund, which is partly owned by Miz

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Minor buys stake in Spanish hotel group for $226m

Minor International has reached an agreement to acquire 30,000,000 shares in NH Hotel Group for  €192 million ($226.3 million). The new acquisition, together with existing shareholding, will increase Minor's stake in NH Ho

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