Oman's Majis Industrial Services buys $400mln stake in Utico
Majis Industrial Services has bought a "significant" minority stake in United Arab Emirates company Utico
Screens displaying stock information are seen at the Abu Dhabi Securities Exchange, June 17, 2013.
By Stanley Carvalho, Reuters News
ABU DHABI- Oman government-owned firm Majis Industrial Services has bought a "significant" minority stake in United Arab Emirates company Utico for $400 million, Utico's CEO Richard Menezes told reporters in Abu Dhabi on Tuesday.
(Reporting by Stanley Carvalho, writing by Alexander Cornwell; Editing by Saeed Azhar) ((Alexander.Cornwell@thomsonreuters.com;))
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW