Wednesday 27, August 2008 by
Abraaj acquires stake in Turkish luxury yacht maker
Abraaj Capital said it has acquired a 50 per cent stake in Turkish luxury-yacht manufacturer Numarine, as global demand grows in the $25 billion market for recreational boats. There was no word on how much Abraaj paid for the stake or how much it values the Turkish company at. There was also nothing said about how much, if any, leverage was used.
