Private equity firm Saffar Holding appoints adviser for review of Zawya
The UAE-based private equity firm Saffar Holding has appointed UK-based Arma Partners to lead a review of Dubai-based business information service Zawya.
Saffar acquired a minority stake in Zawya in 2001 and says it has appointed Arma to lead a review of its stake in the firm after receiving “several unsolicited of interest”.
In a statement about the appointment of Arma Partners, Saffar said that during November 2011 it would “commence formal discussions” with those firms expressing interest in its stake in Zawya, and a decision would be made in the first quarter of 2012.
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