No.52/ No. 01

25-Dec.-2000/1 Jan. 2001


First Islamic Acquires US Caribou Coffee House

Bahrain First Islamic Investment Bank announced on 10 December that it has signed an agreement to acquire a substantial interest in Caribou Coffee Company Inc of the US. The bank said it expects to complete the acquisition by the end of December, but gave no information on the price of the transaction. According to a statement from the bank, Caribou is the second largest franchised...