Announced
Financials
Sources
Tags
Domestic
United Arab Emirates
Private Equity
Single Bidder
Friendly
Majority
infrastructure contractor
Construction Services
Private
Pending
Acquisition
Synopsis
SALD Investment, a private equity firm in UAE, agreed to acquire BIC Contracting, a building and infrastructure contractor, from CIMIC, an Australian multinational contractor, and Riad Al Sadik, its joint venture partner. CIMIC and Mr. Riad Al Sadik will divest their 45% and 55% stakes in the company. Financial terms were not disclosed.
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