Home » Abu Dhabi Investors »


|| Abu Dhabi Buys 70% of a global industrial services company

IPIC MANIPIC, the Abu Dhabi state enterprise responsible for investments in the hydrocarbons and related sectors, and MAN Ferrostaal, a global provider of industrial services in plant construction and engineering, have finalized their deal following approval by the international antitrust authorities of the deal.

IPIC has acquired 70% of the shares for $490 million; MAN remains a shareholder maintaining 30%. The price for 100% of the shares will amount to approximately $921 million. (MAN Ferrostaal is employing around 4,400 people in 60 different countries. In 2008, its annual turnover amounted to $2.1 billion)

(For a full list of investment companies from Abu Dhabi, check out our directory)



Previous Post: DUBAL investing in Brazil: buying 19% of Vale's refinery
Next Post: Free Private Equity Seminar in Dubai

More from Abu Dhabi Investors ...


  Abu Dhabi fund buys 31 Accor hotels in Australia for $740 million

  Abu Dhabi and Qatar funds front-runners to acquire 42 Marriott hotels for $1 billion

  Gulf Capital to buy stake in consulting firm for $27 million

  Gulf Capital launched a credit fund targeting $250-$300 million

  Abu Dhabi's Alpha Investment sues Zynga for right over $12.87m shares deal

  UAE investor Mubadala to take full control of John Buck real estate venture

  UAE Investors acquired 9% stake in a NYC merchant bank

  Abu Dhabi Invest Ad raising $400 million private equity fund

  Gulf Capital closes its latest fund at $533 million

  Abu Dhabi investors acquired 75.1% stake in Greek Skaramangas shipyards





|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.










Copyright 2007-2025 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   LinkedIn    Twitter

Powered by Insightice