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FINANCIAL NEWS
Bahrain’s Arcapita sells medical firm for USD450m
01 Jul 2014
(MENAFN) Arcapita, an investment management firm headquartered in Bahrain, said its Arcapita Ventures I has recently sold USD450 million-worth medical device firm CardioMEMS, according to Arabian Business.
CardioMEMS has been sold to the US-based St Jude Medical, which had previously invested USD60 million for a 19 percent shareholding of the company.
It has now exercised an exclusive option to purchase the remaining 81 percent of the company, in a transaction valued in excess of USD450 million.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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