They acquired Baker Technology's fully-owned vehicle PPL Holdings, which owns a 15 percent stake in the Singapore oil-rig maker. Under the deal which was announced in April and is recently accepted, the unnamed Middle Eastern investor will get 45 percent stake in the vehicle for $77 million. Chinese shipbuilder will get 50.1 percent, and 4.9 percent will go to a Chinese director.
To see investment firms in the Middle East check our investors directory
More details from the Reuters story follows
Previous Post: GCC's wealthy individuals most actively involved in their portfolio - Report
Next Post: Savills Middle Eastern investor acquired property in London for $52 million