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|15 January, 2019

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.

Screens displaying stock information are seen at the Abu Dhabi Securities Exchange, June 17, 2013.

REUTERS/Ben Job

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;))

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