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FINANCIAL NEWS
Kuwait-Warba Bank obtains ManPowerGroup for USD66.5mn
02 Jun 2017
(MENAFN) Waraba Bank proclaimed that it acquired the headquarters of ManPowerGroup in the U.S. at a value of USD66.5mn.
Additionally, ManPower is an office building with a whole area of 280.000 square meters in Milwaukee, Wisconsin in the U.S.
Moreover, the banks signed a real estate investment tie deal with Bentall Kennedy, which will act as the bank’s real estate advisor in the U.S.
Warba Bank owns 99 percent share in ManPowerGroup, whereas Bentall owns a 1 percent share, while the investment will offer cash returns surpassing 8 percent.
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MENAFN0206201700450000ID1095529171
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