Thursday, May 29, 2008
BEIRUT (Zawya Dow Jones)--Kuwait-based Al Ritaj Holding Co. is in talks to acquire stakes in pharmaceutical plants in Jordan and Egypt for $40 million, Kuwait-based Al Rai daily reported Thursday.
Al Ritaj is in talks to acquire 35% of a Jordanian pharmaceutical plant for $20 million, the paper said citing Abdullah Al Qabandi, the company's chairman.
Al Ritaj is also negotiating for a stake in an Egyptian pharmaceutical plant for $20 million, Qabandi said.
Newspaper Web site: http://www.alraimedia.com/
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2008 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
29-05-08 0607GMT
