Middle East Economic Survey
VOL. XLVII
No 45
8-November-2004
BAHRAIN
REGIONAL BANKING
First Islamic Takes Over $262Mn Water Utility
Bahrain-based First Islamic Investment Bank won the UKs South Staffordshire takeover bid on 27 October, through an offer which includes $262mn in cash and the taking on of $173mn worth of debt, through its specially-created subsidiary AquaInvest. At $20.66 a share, it is contributing a 27% premium to the closing share price on 18 October, the day before South...
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