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Middle East bank purchase of buyout firm to spark consolidation
Toby Lewis
03 Dec 2008
03 Dec 2008
 |
Friday
09 January 2009
03:36 GMT
BMB Group, the Middle east sovereign-backed merchant bank, has kicked off what could be the start of a wave of consolidation of the alternative assets industry with the acquisition of emerging markets buyout firm EMP Global, creating a group with combined assets of more than $12bn (€9.5bn).
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Article tags:
Middle East