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AD, $234m IPO next month
- United Arab Emirates: Wednesday, April 19 - 2006 at 08:43
Abu Dhabi's state-owned General Holding Company is to privatize newly formed Arkan Building Materials Company in a $234m initial public offering next month, reported Gulf News. Arkan is a merger of three existing companies and the IPO will be open to UAE nationals only. All the IPO proceeds will go into expanding the company.
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Peter J. CooperWednesday, April 19 - 2006 at 08:43 UAE local time (GMT+4)
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