Dubai state agency buys 40 percent of British spa firm

Sun Apr 13, 2008 10:49am BST
 
Email | Print | | Single Page
[-] Text [+]

DUBAI (Reuters) - Dubai government investment agency Istithmar World Capital said on Sunday it had bought a 40 percent stake in Espa International, which designs and markets spas.

Istithmar did not say in statement how much it paid for the stake in Espa, which operates in more than 45 countries, including the United States and China.

(Reporting by James Cordahi; Editing by Daliah Merzaban)

 
A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. REUTERS/Kai Pfaffenbach
Credit headwind

News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows.  Full Article 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives
Currency
US $ inGBP =0.6084
Euro inGBP =0.8589
¥en inGBP =0.0065

Most Popular on Reuters UK

  • Articles
  • Videos