Saturday 19 April 2014
 
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Arcapita

Arcapita sells Varel to Sandvik for $740m

Arcapita, a global investment management firm headquartered in Bahrain, has signed an agreement to sell Varel International Energy Services, a leading manufacturer of drill bits for the oil and gas, and mining and industrial industries, to Swede

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Arcapita sells Varel to Sandvik for $740m

Arcapita, a global investment management firm headquartered in Bahrain, has signed an agreement to sell Varel International Energy Services, a leading manufacturer of drill bits for the oil and gas, and mining and industrial industries, to Swede

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Arcapita eyes new investments after Chapter 11

Bahrain-based Arcapita is aiming to build a new asset management firm with a debut local deal in the logistics, education or healthcare sector as the company recovers from the first Chapter 11 bankruptcy process undertaken by a Gulf entity.

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Bahrain's Arcapita emerges from Chapter 11

Arcapita, an international investment firm headquartered in Bahrain, said it has emerged from Chapter 11 reorganization proceedings in the United States. Under the terms of the reorganization, “New” Arcapita (legally r

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Arcapita sells US-based logistics firm

Bahrain-based Arcapita Bank has announced that it has sold 3PD Holding, a leading last-mile logistics company in the US and Canada, for $365 million.    3PD was acquired by XPO Logistics, one of the fastest

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US court approves Arcapita's sharia bankruptcy plan

Bahrain investment firm Arcapita Bank has received approval from a US Bankruptcy Court for its plan to repay creditors, thought to be the first in the US that is compliant with sharia, Islamic law.

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US Court approves Arcapita Chap 11 disclosure statement

  Bahrain-based Arcapita Bank said the US Court has approved the Disclosure Statement for the amended chapter 11 plan of reorganization of the investment bank and its debtor affiliates.

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Arcapita files key restructuring plan

Bahrain-based Arcapita Bank, an international investment firm, has announced the filing of an amended consensual plan of reorganisation which seeks to "maximise recoveries to creditors and other stakeholders". The compan

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Arcapita 'planning to liquidate assets'

Bahrain-based Arcapita Bank is planning to liquidate its assets and will not seek new investors or investments, said a report. The bank "will wind down its operations and will not seek out new investors or investments,"

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Troubled bank Arcapita files reorganisation plan

Bahrain-based Arcapita Bank, the first Gulf company to file for bankruptcy in the United States under Chapter 11 rules, said on Saturday it had submitted a plan to reorganise the company. The investment firm filed for bankruptcy i

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