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Article: DIG enters Refco race.(UAE)(Dubai Investment Group)(Dubai Investment Group )(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- October 28, 2005
CopyrightCOPYRIGHT 2005 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Dubai Investment Group (DIG), a subsidiary of Dubai Holding, with US private equity firm Yucaipa submitted in late October an $828 million bid for the futures unit of US-based financial services firm Refco. The bid was $30 million less than the highest quote received from the US' Interactive Brokers Group, Four other companies have expressed interest in the unit. The submissions came after the withdrawal of a consortium led by US private equity firm JC ...
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