Friday 29 July 2011

Abraaj eyes majority stake in publisher - The National

The private equity firm Abraaj Capital is in talks to buy a majority stake in Motivate Publishing, which produces Middle East editions of Hello! and Campaign magazines.

Contact between the two companies was initiated almost a year ago, with intense talks taking place in March and April, according to sources close to the negotiations.

A final decision on the potential acquisition is expected to be made after Ramadan.

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