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FINANCIAL NEWS
Bahrain’s Investcorp sells German Armacell for USD655m
01 May 2013
(MENAFN) Investcorp Gulf president, Mohammed Al Shroogi, announced that the Bahraini firm will sell German Armacell for USD655 million to UK’s Charterhouse Capital Partners, a private equity investment company, reported Gulf Daily News.
Al Shroogi added that the global provider and manager of alternative investment products purchased Armacell for USD524.38 million in 2007, and since then, the insulation company has boosted sales by 30 percent to nearly USD563.70 million.
He said that the sale still needs the approval of the competition authority.
It is worth noting that Armacell, with a workforce of over 2,300, operates 19 manufacturing facilities in 13 countries.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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