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Article: Cupola brings off a coup with takeover.(Cupola Group purchases Inchcape Marketing Services Middle East)(Interview)(Statistical Data Included)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- April 16, 1999
CopyrightCOPYRIGHT 1999 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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The start of April marked the end of an era for the UK's Inchcape in the Middle East and the start of a new one for the Dubai-headquartered Cupola Group. Angus Hindley talks to Cupola's chief executive Arif Naqvi about the $120 million deal that saw the development capital and operating group bring off its biggest coup to date by buying virtually all of Inchcape's regional marketing interests
Arif Naqvi reckons he has got a bargain and it is not difficult to see why. In the early hours of 1 April, the chief executive sat down in the London offices of ANZ Investment Bank and signed the agreement acquiring Inchcape Marketing Services Middle East (IME), one of the ...