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Wednesday, 22 February 2012

Abraaj deal poses two big questions - and maintains a trend - The National

Two big questions were left hanging after Monday's announcement by Abraaj Capital that it was to take over Aureos Capital of London, regulators allowing: what will it cost and what does it mean?

Abraaj declined to give an answer to the first, for reasons of "confidentiality". Every company, especially private ones such as the two parties to this deal, has a right to privacy and a duty to its investors to protect confidential information, so it was well within the rights of Arif Naqvi, the founder and chief executive of Abraaj, to stay silent.

But it got the conspiracists' minds working.