Daily News Egypt

Arabtec denies plans to acquire Kuwait’s Kharafi National - Daily News Egypt

Advertising Area




Advertising Area




Arabtec denies plans to acquire Kuwait’s Kharafi National

Reuters – Dubai builder Arabtec on Wednesday denied that it planned to acquire Kuwaiti construction firm Kharafi National. Sources familiar with the discussions told Reuters on Monday that Arabtec had been in talks with Kharafi National, part of the Kharafi Group, to fully acquire the company. On Monday, both Arabtec and Kharafi declined to comment. …


Reuters – Dubai builder Arabtec on Wednesday denied that it planned to acquire Kuwaiti construction firm Kharafi National.

Sources familiar with the discussions told Reuters on Monday that Arabtec had been in talks with Kharafi National, part of the Kharafi Group, to fully acquire the company. On Monday, both Arabtec and Kharafi declined to comment.

On Wednesday, Arabtec said: “The company denies that it will acquire Kharafi National.”

Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company. It did not mention Kharafi National.

Its shares were subsequently suspended from trading at the request of the regulator.

Advertising Area



https://cdn1.dailynewsegypt.com/2014/02/26/arabtec-denies-plans-acquire-kuwaits-kharafi-national/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe