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Friday, 27 November 2009 11:09 UAE time

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Abraaj buys stake in Egypt sugar firm

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 24 June 2007

UAE private equity firm Abraaj Capital said on Saturday it had bought a stake in Egyptian sugar company Al Nouran Holding.

Abraaj, which did not give the value of the deal, said the investment would help Al Nouran build a beet-sugar mill and a raw sugar refinery with a total annual production capacity of 514,000 tonnes.

Abraaj bought Egyptian Fertilisers Company earlier this month for $1.41 billion.

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READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 19
    27 Nov ' 09 at 09:44
    Sultan what you are suggesting for them to do is called propaganda. True journalists didn't get into this profession to write fluff to...   More  »
  2. UAE real estate market has now hit bottom - analysts 04
    27 Nov ' 09 at 00:48
    Arabian Business has serious credibility issues to serve up this slop after Dubai has just defaulted. What expert analysts? Send them...   More  »
  3. Dubai debts crisis: latest news 02
    27 Nov ' 09 at 09:52
    Dubai will evolve and will be back stronger than ever before.For those of you with good memories, Russia defaulted on their GKOs in...   More  »

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