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MENA Infrastructure buys 32.8% of United Power
- Oman: Tuesday, June 30 - 2009 at 10:21
MENA Infrastructure Fund, a $500m investment fund sponsored by HSBC Holdings, Waha Capital and Dubai International Capital, has acquired a 32.8% stake in Oman's United Power for $26.5m from GDF Suez, Bloomberg has reported. MENA Infrastructure has become the largest shareholder in United Power, its second investment after it bought a stake in Egypt's Alexandria International Container Terminals in 2008.
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