6/12/2009

Bahrain's Investcorp eyes luxury firms in Turkey

Arab News - Bahrain's Investcorp has announced its plans to buy stakes in the Middle Eastern luxury goods companies as part of a wider plan to invest USD 650 million in the region over the next two years. According to Azmat Taufique, co-head of the bank's Gulf Growth Capital business, Investcorp - previously an investor in high-end brands such as Gucci and Tiffany - is in talks with families and businesses in Turkey, the Gulf and North Africa.
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