Abu Dhabi Financial Group unit offers to buy Abraaj’s investment management arm
Reuters From CNBC A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj’s investment management business for $50 million, according to a document reviewed by Reuters. The offer from Abu Dhabi Capital…
Creditor starts legal proceedings for Abraaj restructuring
By Davide Barbuscia From Reuters DUBAI (Reuters) – A creditor of Dubai-based Abraaj has started legal proceedings in the Cayman Islands seeking the restructuring of the private equity firm’s liabilities. Auctus is the second creditor, after Kuwait’s Public Institution for…
