Arabtec in talks to acquire Kharafi National

: Tuesday, February 25 - 2014 @ 02:13

Dubai’s largest listed construction firm, Arabtec Holding is in the advanced stages of negotiations to acquire Kharafi National, a subsidiary of Kuwait’s Kharafi Group, Reuters has reported, citing two sources aware of the discussions. The deal, if completed, would be worth about Dhs2bn ($545m), one source said. A formal agreement is expected in two to three months, the sources said.

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Tuesday, February 25- 2014 @ 2:13 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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