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Goldman Sachs buys stake in Egyptian developer

 
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Kirk
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Joined: 01 Jan 1970
Posts: 1225
PostPosted: Tue Mar 18, 2008 5:16 am    Post subject: Goldman Sachs buys stake in Egyptian developer Reply with quote
US investment bank Goldman Sachs bought 5.5% of Egyptian real-estate company Palm Hills Development from its majority shareholder, El Mansour and El Maghraby Investment and Development Company S.A.E., together with an option to purchase a further 4.5% equity stake in the company, the Cairo-based firm said in a statement.

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