Monday, Jul 09, 2012
BEIRUT (Zawya Dow Jones)--Kuwait Holding Co. has acquired a 29% stake in the local National Slaughterhouse Co. (NSH.KW), or NSC, for 1.26 million Kuwaiti dinars ($4.47 million), the Kuwaiti bourse said Monday.
The acquired stake consists of nearly 8.38 million shares purchased at KWD0.15 each by Global Investment House (GLOBAL.KW) on behalf of its client Kuwait Holding, the exchange said on its website.
The stake sale was supposed to be carried out through a public auction Monday but as no other party has applied to enter the auction the transaction was concluded between the seller and the primary buyer, the bourse said.
The exchange said last week that the seller was the Global Macro Fund.
The fund is owned by Global Investment House, according to the latter's website.
By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
09-07-12 1138GMT
