Mideast consortium agrees $500m National Petroleum Services buy | GulfNews.com:
"A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (Apicorp) have agreed on a deal to acquire Dubai-based oilfield services firm National Petroleum Services, Fajr said on Tuesday.
The transaction, which is expected to close in the second quarter of 2014, is valued “in excess of $500 million”, it said in a statement.
Reuters had reported last November that a Gulf consortium led by Fajr and also containing Apicorp and Saudi-Arabia based investment holding company Zamil Group were in advanced talks over a deal worth between $500 million and $700 million.
This followed an unsuccessful attempt to sell NPS to Norway’s Aker Solutions in 2012."
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