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DUBAI'S ABRAAJ CAPITAL TAKES 40% STAKE IN PAKISTAN'S BOSICOR.

Publication: AsiaPulse News
Publication Date: 04-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DUBAI, March 4 Asia Pulse - Dubai-based investment firm Abraaj Capital announced Monday that it has acquired a stake in the holding company of Bosicor Group (Bosicor), positioned to become one of Pakistan's leading integrated oil companies.

This stake will provide Abraaj with a 40 per cent shareholding in Bosicor's two group companies: Bosicor Oil Pakistan Limited and Bosicor Chemical Pakistan Limited.

Abraaj will also acquire a minority stake in Bosicor Pakistan Limited, equivalent to the shares acquired...

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