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FINANCIAL NEWS
Invest AD, SBI Holdings invest USD100m in Turkey
24 May 2011
(MENAFN) Invest AD, an Abu Dhabi owned firm, and Japanese SBI Holdings stated that they will invest USD100 million in a private equity fund located in Turkey and focused on acquisitions there, reported Arabian Business.
The companies also said that the USD100 million would be accumulated by each company providing half of the amount.
The two firms added that the new joint venture would be focus on deals related to consumer goods, services, pharmaceuticals, healthcare and retail.
It is worth noting that Invest AD is an Abu Dhabi Investment Council-owned firm that focuses on business in countries close to the UAE, while SBI is a financial services firm based in Tokyo, Japan.
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