Abu Dhabi private equity firm Gulf Capital expects to raise more than $500 million from the sale of its 79 percent stake in Gulf Marine Services (GMS) before the end of June, the company's chief executive told
Reuters on Wednesday.
Gulf Capital, which has around $1 billion of assets under management, has shortlisted six bidders from more than a dozen interested buyers, Karim El Solh said in an interview.
"Among the short listed bidders are American and Asian strategic trade buyers as well as regional buyout firms," El Solh said.
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