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Kuwaiti fund buys into Turkish operatorKuwaiti fund buys into Turkish operator
James Featherstone
23-Aug-2006
Kuwait-based private equity firm Global Investment House has taken a $75m stake in TAV Airport Holding Co
A Kuwaiti private equity company has bought a $75m stake in the holding company for Turkey Airport Development, which owns Turkey's largest duty-free operator ATU.
ATU has extensive retail outfits at Istanbul's Atatürk International Airport. The company pre-qualified to bid for retail operations at three Saudi Arabian airports in July.
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