Sunday, January 11, 2009
International Petroleum Investment Buys 70% Stake in German Industrial Giant
Abu Dhabi's state-run International Petroleum Investment Co (IPIC) is paying cash for its 70 percent stake purchase in MAN Ferrostaal AG, Ferrostaal's chairman said on Saturday.
"It is an all-cash deal," Matthias Mitscherlich said, adding that IPIC may acquire the remaining 30 percent by 2010. ...
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