Financial and Banking News
INVESTMENT ACTIVITIES
SIFCORP Buys into Aitken Hume
The Saudi Investment and Einaace Corporation (SIFCORP) has purchased a 12.45% stake in the UK-based fund managemeat and banking group, Aitken Hume International. The Saudi deal involves the purchase of 5.57mn of an 11.2mn share issue priced at 141p, injecting some £l5mn into the groups funds which will enable it to finance its purchase of the Sentinel Insurance Company. SIFCORP becomes the largest...
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