Kuwait's NBK Capital acquires 50% shareholding in Turkey's Bavet
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon July 23, 2012 5:27 pm

KUWAIT. NBK Capital, the investment bank owned by National Bank of Kuwait SAK, said it acquired a 50 percent stake in Bavet, a distributor of animal pharmaceuticals in Turkey.

“The capital will be used to finance Bavet’s significant expansion plans and enhance its corporate infrastructure,” NBK Capital said in an e-mailed statement today. It did not disclose the value of the deal.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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