Business | Investment
United Holdings acquires 46% stake in BRM construction firm
United Holdings, an investment firm based in Dubai, on Saturday announced it has acquired 46 per cent stake in BRM, a Dubai-based construction company.
- Staff Report
- Published: 14:26 August 30, 2008
Dubai: United Holdings, an investment firm based in Dubai, on Saturday announced it has acquired 46 per cent stake in BRM, a Dubai-based construction company.
Other strategic partners in BRM are Morgan Stanley Principal Investments Europe LLC and Al Nasser Investments LLC. The transaction was managed by Tier One Partners.
BRM is the slipform market leader in the construction sector that has executed more than 200 projects in the UAE, totally valued in excess of Dh25 billion.
Currently, it is handling over 30 projects for major clients such as Arabtec Construction, Khansaheb Civil Engineering, NASA Multiplex and Al Futtaim Carillion.
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