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|| Saudi Investors acquired stake in Italian ceramic company

saudi investors italySaudi investors Intaj Capital have acquired a strategic stake in Powergres, an Italian-based contemporary ceramic designer and distributor. The deal size is not disclosed.

Intaj Capital is a $250 million private equity fund managed by Saudi-based Swicorp investment and focusing on the Middle East and North Africa (MENA) region. The deal has been executed through one if its portfolio investments, the Bahrain-based Uniceramic Holding. The transaction consisted of both a capital increase and a share swap.

(Their press release follows:

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