Saudi Investors acquired stake in Italian ceramic company
Saudi 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:
Previous Post: D. E. Shaw, the world's 4th largest hedge fund, enters Dubai
Next Post: Libyan sovereign wealth fund to acquire Canadian company
Investors Directory 2024