Dubai's Depa interiors seeks $400 mln in IPO
Depa Ltd, a Dubai-based interiors contractor, said it aims to raise $400 million in an initial public offering by the end of April in part to finance acquisitions.
"A big part of this money will go towards financing acquisitions in the next two years," Chief Executive Officer Mohannad Sweid told Reuters in Dubai on Wednesday ahead of a meeting with reporters to announce the IPO.
"The close of the sale will be before the end of April ... this will represent 40 percent of the company," Sweid said. (Reuters)
"A big part of this money will go towards financing acquisitions in the next two years," Chief Executive Officer Mohannad Sweid told Reuters in Dubai on Wednesday ahead of a meeting with reporters to announce the IPO.
"The close of the sale will be before the end of April ... this will represent 40 percent of the company," Sweid said. (Reuters)
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