DIC plans to add US assets to create diversified portfolio
By Julia Werdigier, Los Angeles Times-Washington Post News Service
Dubai: International Capital (DIC), the private equity firm of the Dubai government's investment arm Dubai Holding, plans to open an office in the United States in the next eight months as it seeks to add US companies to its European-focused portfolio.
"It is very important for us to find and execute deals in the US as we're trying to create a diversified portfolio," Sameer Al Ansari, DIC's chief executive, said in an interview on Wednesday at the firm's London offices.
DIC acquired minority stakes this year in European Aeronautic Defence and Space, the parent company of Airbus; HSBC Holdings; and the ICICI Bank of India. Five Fortune 500 companies are on a short list for possible investments and about 15 are on a close-watch list, Ansari said.
...
Pertinent Links:
1) DIC plans to add US assets to create diversified portfolio
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment