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Renaissance sells media unit for $7.8m
- Oman: Wednesday, January 02 - 2008 at 13:09
Oman's Renaissance Services Co plans to sell a media services unit to a group of Omani investors for 3m rials ($7.79m), reported the Pensinsula. Renaissance expects to make a profit of 1.5m rials from the sale of Media and Communications Group to unnamed investors, as part of plans to focus on its core business of oil and gas.
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Jeff Florian, Senior ReporterWednesday, January 02 - 2008 at 13:09 UAE local time (GMT+4)
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