Monday 03, February 2014 by Matthew Amlôt

Arcapita exits Varel International Energy Services for $740 million

Bahrain-based Arcapita has announced the signing of an agreement to sell Varel International Energy Services, Inc. (Varel), a leading manufacturer of drill bits for the oil and gas, and mining and industrial industries, to Sweden-based Sandvik AB for a total transaction value of approximately $740 million.

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more