40% stake in Oman's Al Khaleej Polypropylene to be acquired by UAE based company

28-Oct-05
Dubai Poly Film Company, A UAE-based company plans to buy 40% stake in Oman's Al Khaleej Polypropylene Products (AKPP) Co. The company has received a preliminary approval from the Capital Market Authority for acquiring a maximum of 70% stake in AKPP. As a first step, the Dubai firm plans to buy 40% stake from major shareholders and then plans to buy another 30% stake from the market later
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