• Register

Bahrain buys out Hochtief’s stake in JV

Bahrain: Sunday, September 15 - 2013 @ 00:00

Bahrain Airport Co (BAC) has said it has bought the 50% stake of German firm Hochtief in their joint venture, making Hochtief Facility Management Bahrain Airport a wholly-owned subsidiary of BAC, Gulf Daily News has reported. The decision to acquire the stake comes after Hochtief Services Solutions was put for sale internationally as a result of a restructuring plan. The share transfer agreement has been signed on Wednesday, and the name of the company has been changed to BAC Facility Management, BAC said.

Today's Top Stories

Week's Top Stories

Posted by

Sunday, September 15- 2013 @ 0:00 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.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs