Abraaj fund unit receives $1 bid | ZAWYA MENA Edition:
The Abraaj Group has received a $1 bid for its fund unit from private equity firm Actis, sources familiar with the matter said.
Sources indicated that the fund unit had managed around $14 billion at its peak and was one of the most influential emerging market investors, Bloomberg News reported.
Chicago’s Vistria Group, Rohatyn Group, Kuwait’s Agility Public Warehousing Co, and Abu Dhabi Financial Group have also made bids, the sources said.
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