Jordan Dubai Capital said that Hong Kong-based HPF private investment fund had wholly acquired its shares in a deal worth $130 million.
It will open the door for HPF, set up in January, to expand its portfolio in the region, where it was targeting investment areas such as infrastructure and real estate development, Mahesh Harilela, a majority holder in HPF and the shareholders' representative, told reporters on Sunday.
"The Middle East and North Africa region is very attractive, considering the Arab spring (uprising) has taken place, and we believe this is the right opportunity for expansion in the region," Harilela said.
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