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Ashmore to sell 65 percent of its stake in Saudi GEMS
(MENAFN) Ashmore Group Plc has announced its plan to sell a stake in a Saudi waste management firm at about USD250-350 million, according to Arab News.
Britain-based Ashmore plans to sell 65 percent stake of Global Environmental Management Services (GEMS), one of the banking sources said.
An American bank was appointed to manage the sale process of Ashmore, said the sources.
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