United Development Co. (UDCD), a Qatari investor in infrastructure and energy, said an investor is seeking to become a strategic shareholder in the company.
The company received a new letter from Qatar National Bank, representative of an investor, indicating it “still wants to join the company as a strategic shareholder by way of increasing the capital,” according to a statement on the Qatar bourse today.
United Development said on Jan. 29 that an investor pulled a request to buy a stake in the company after seeking to change the terms of an offer.
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