Wednesday, May 21, 2008
DUBAI (Zawya Dow Jones)--Abu Dhabi's Sorouh Real Estate said Wednesday it acquired a 60% stake in Abu Dhabi-based Pivot Engineering & General Contracting Co.
"With this acquisition and our shareholding in LLJ Property, we have made strategic investments up and down the delivery chain, which put us in a stronger position than ever before," Mounir Haidar, Sorouh's chief executive officer said in an emailed statement.
On Sunday, Sorouh said it acquired a strategic stake in LLJ Property.
-By Maria Abi-Habib, Dow Jones Newswires; +9714 364 4962; maria.habib@dowjones.com
Copyright (c) 2008 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
21-05-08 1055GMT
