VOL. XLII

No. 28

12-July-1999

BAHRAIN

Investcorp Completes Sale Of Star Market In $482MnTransaction

The Bahrain-based investment group Investcorp announced on29 June that it had completed the sale of its food retailing investment StarMarket to the UK痴 J. Sainsbury for approximately $482mn (including debt). In astatement, Investcorp said that the transaction was completed on 28 June andexplained the history of the investment transaction (Investcorp acquired StarMarket in September 1994 for...