Monday, Oct 17, 2011
BEIRUT (Zawya Dow Jones)--Dubai-based private equity and asset management firm Abraaj Capital is studying a plan to acquire three export-based companies in Egypt, Dubai-based Al Bayan daily reports Monday citing Ahmed Badreldin, the company's executive director.
Badreldin also said that his company expects to complete raising the capital of its Abraaj Buyout Fund IV amounting to $2 billion before the end of the current year, the paper reports.
Abraaj Capital's stake in the fund will be 10%, while Gulf investors will hold a combined 60% and European investors will own the remaining stakes, Badreldin said according to the daily. He added that in November the fund will look to make a second investment, which will be in an Arab country.
Newspaper website: http://www.albayan.ae/economy/companies-businesses/2011-10-17-1.1520852
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
17-10-11 0600GMT
