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
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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

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