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Gulf Capital takes over Metito
- United Arab Emirates: Wednesday, November 15 - 2006 at 15:35
Gulf Capital says it has acquired a majority stake water utility firm Metito. With 2,000 desalination plants worldwide and holding 16 water concessions, Metito is ideally placed to meet future demands for desalination infrastructure in the face of a growing water shortage in much of the Middle East, according to Gulf Capital. The value of the deal was not disclosed.
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James McInerney, News EditorWednesday, November 15 - 2006 at 15:35 UAE local time (GMT+4)
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This article was updated on Fri Nov 24 2006.
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