VOL. XLII

No 44

1-November-1999

BAHRAIN

Investcorp Sells Ebel And Chaumet

Investcorp, the global investment group, on 21 Octoberannounced the sale of two of its portfolio companies, Ebel and Chaumet, to theFrench luxury goods group LVMH. According to a statement issued by the group,"the saleis consistent with [the groups] policy of buying and investingin companies and then seeking suitable exits that will produce benefits for itsshareholders and the companies future growth plans."

Ebel, acquired...