Mum­ta­lakat to buy 49% stake in Aleas­tur

Kuwait Times - - BUSINESS -

MAN­AMA: Mum­ta­lakat plans to buy a 49 per­cent stake in Span­ish alu­minum prod­ucts group Aleas­tur, an ex­ec­u­tive at the Bahraini sov­er­eign fund said yes­ter­day. “We are tak­ing a mi­nor­ity stake and help­ing the com­pany to ex­pand into the Gulf,” Joseph Kirikian, head of in­dus­tries and ser­vices at Mum­ta­lakat, told Reuters on the side­lines of an alu­minum con­fer­ence. He de­clined to give a value for the in­vest­ment but said the deal would hope­fully close soon.

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