VOL. XXXIII
NO. 36
11-JUNE-1990
Financial and Banking News
Loans & Issues
Jameel Group Takes Control of UK Car Distributor
Saudi Arabia's Jameel Group has won control of the UK car distributorHartwell, five months after launching its hostile takeover bid. On 1 June theHartwell board accepted Jameel's revised offer, issued on 15 February, whichvalued the company at 172.5mn, or 1.55 per ordinary share, against a marketprice of 1.39 per share. The offer was launched through Jameel's bid vehicle,...
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