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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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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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