Business Services Industry
Arcapita completes $4.2 billion acquisition of Viridian plc.
Middle East and North Africa Business Report, December, 2006
Dec. 11--Arcapita Bank B.S.C.(c), a leading international investment firm, headquartered in Bahrain, announced the successful completion of the $4.2 billion acquisition of Viridian Group plc, the Northern Ireland based electricity utility, after having received final shareholder and court approvals. This constitutes Arcapita's largest single investment and brings to over $18 billion the total value of Arcapita's transactions to date. Viridian offers Arcapita's investors an attractive combination of reliable earnings, combined with potential for capital growth. Viridian operates both regulated and unregulated businesses within the Irish energy market. The regulated side manages 45,000 kilometers of transmission and distribution infrastructure, supplying nearly...
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