United Holdings sells stake to investment firm

31 August 2008
Dubai-based investment firm United Holdings has bought a 46 per cent stake in Dubai-based construction company BRM for an undisclosed amount.

BRM has provided slipform systems to more than 200 projects in the UAE.

Its clients include Arabtec Construction, Khansaheb Civil Engineering, both local, the local/ Australian Nasa Multiplex and the local/ UK Al-Futtaim Carillion.

United hopes to extend BRM’s geographical focus outside the UAE to capitalise on project opportunities in other regional markets.

The transaction was managed by Tier One Partners.

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