Thursday 19, March 2009 by
Investcorp, TNI and Eastgate Capital snap up 70 per cent of L’azurde
Investcorp, which had its ratings downgraded to Baa3/Prime-3/D+ from Baa2/Prime-2/C- by Moody’s in November 2008, has acquired a 70 per cent stake in L'azurde, one of the world's largest gold and jewellery manufacturers which has its headquarters in Riyadh in Saudi Arabia. The other companies that are in on the deal include consortium partners Eastgate Capital Group and The National Investor.
