NO. 30


Financial and Banking News

Loans & Issues

Investcorp Buys Saks of Fifth Avenue

Bahrain-based investment bank Investcorp has signed a contract to buy SaksFifth Avenue, the prestigious US retail chain which has its flagship in NewYork. The chain is currently owned by BATUS Inc, the US holding and managementcompany of the UK's BAT Industries. The price is approximately $1.5bn, andInvestcorp expects the transaction to be completed around the end of June. Sakswas put...