FINANCIAL NEWS

Bahraini Investcorp sells 9.9 percent stake for USD137.8m

01 Oct 2015

(MENAFN) Bahrain-based Investcorp announced that it had sold a stake of 9.9 percent to a new Gulf-based institutional shareholder.

The investment firm said in a posted statement that the stake selling deal is valued at USD137.8 million.

However, Investcorp did not reveal the name of the new shareholder in the bourse filling, but only disclosed the amount of the deal.

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