Financial and Banking News
INVESTMENT ACTIVITIES
Egyptian Investors Take Control of UK Retail Group
A UK-based holding company owned by an Egyptian family, Al- fayed Investment and Trust (UK) Ltd. has acquired the majority stake in the British retailing group House of Fraser. The al-Fayed family first purchased a 29.999% stake in House of Fraser in a private deal at 300p per share at the end of last year (MEES 12 November 1984). They launched a full takeover bid with the blessing of the...
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