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Al Bawaba
March 23rd, 2009 - 07:48 GMT

Arab investors compete for European steel mill

Arab investors with large cash reserves are competing with other international moneyed investors looking for bargains in the European Union due to the economic crisis. This week it was learnt that private Arab investors have expressed an interest in acquiring the Huta Pokoj steel corporation in Poland, which was in advanced negotiations with a Singapore acquisition fund. Huta Pokoj is one of the few profitable steel companies in the European ...
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