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FINANCIAL NEWS
Arabtec not looking to increase stake in Depa
30 Dec 2013
(MENAFN) Dubai-based Arabtec Holding said that it has no plans to increase stakes in the contracting firm Depa, Arabian Business reported.
The Dubai builder bought a 24 percent stake in Depa in November last year for USD65.8 million.
Recently, speculations about Arabtec purchasing further stakes in Depa have come to light, but Arabtec said that “there are no plans at this stage”.
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