Sunday, 27 May 2018 05:02 GMT
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Abu Dhabi's Waha buys 20.56 percent in Dubai's NPS



(MENAFN) Abu Dhabi investment firm Waha Capital has purchased 20.56 percent stake in Dubai-based oilfield services firm National Petroleum Services (NPS) for USD76 million last week, according to Arab New



A number of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (APICORP) agreed on a deal to acquire NPS in April when the deal was worth USD500 millio



Waha was part of the consortium and that the deal, with a total equity value of USD370 million, had now closed. It did not explain the difference between its valuation of the acquisition and the figure given earlier by Fajr


Abu Dhabi's Waha buys 20.56 percent in Dubai's NPS

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