Ithmaar plans BBK stake sale

Bahrain’s Ithmaar Holding is exploring the sale of its 25.4 per cent stake in BBK BSC, which has operations in Bahrain and Kuwait, India and Dubai, sources familiar with the matter said. The stake is valued at about $250 million and may only be offered to strategic investors, one of the sources told Reuters. Ithmaar also owns convertible bonds sold by BBK last year, which would make the deal size even higher, one of the sources said.