Jul 24 2012
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Kuwait's NBK Cap Buys 50% of Turkey's Animal Drug Distributor Bavet
Tuesday, Jul 24, 2012
(This story was originally published Monday.)
DUBAI (Zawya Dow Jones)--Kuwait's NBK Capital, an investment and asset management unit of National Bank of Kuwait ( NBK .KW), said Monday it has acquired a 50% stake in Bavet, a Turkish distributor of animal pharmaceuticals.
NBK Capital said that the $250 million NBK Capital Equity Partners Fund, which it manages as part of its Alternative Investments Group, is a private equity fund. It added that this fund was set up for the acquisition of strategic stakes in growth companies in the Middle East and North Africa region.
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