Dubai state agency buys 40 percent of British spa firm
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)
© Thomson Reuters 2009 All rights reserved.
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

UK
US