Arabtec 'in talks to buy Kuwait's Kharafi':
"Arabtec Holding, Dubai's largest listed construction firm, is in the advanced stages of talks to fully acquire a construction company in Kuwait's Kharafi Group, two sources aware of the discussions said.
The Dubai firm is in talks with Kharafi National, a Kuwait-based contractor and facilities management firm which has operations in several Middle Eastern countries, to buy all its assets and operations.
The deal, if completed, would be worth about 2 billion dirhams ($545 million), one source said. However, a report in the Abu Dhabi-based Al-Ittihad newspaper on Monday valued the possible deal at about 5.5 billion dirhams, it quoted unnamed sources."
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