Amanat agrees to buy Middlesex University's Dubai campus | Reuters:
United Arab Emirates (UAE) education and healthcare investment firm Amanat Holdings said on Monday that it has agreed to acquire Middlesex University’s campus in Dubai, which is partly owned by embattled private equity company Abraaj. Amanat entered into a share purchase agreement on an “arm’s length basis” on June 8 to acquire the university’s owner and operator, Middlesex Associates, from Mocha Education Holdings Limited, it said in a statement to the Dubai bourse. Amanat said that it had been told that Abraaj indirectly owns 6 percent of Middlesex Associates. The transaction is subject to terms, Amanat said, without elaborating.
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