DUBAI, June 14 (Reuters) - Embattled private equity firm Abraaj has sold its entire 5.4 percent stake in Orascom Construction Ltd OC.DI for about $52 million.
The move came after the company crossed a 5 percent filing threshold on June 6, Abraaj said in statement in Dubai.
Abraaj is facing two lawsuits from creditors over the non-payment of debt and is battling allegations that it misused investor money in a $1 billion healthcare fund, a charge it denies.
News: PVE Abraaj sells entire stake in Orascom Construction
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5.5¢ |
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Mkt cap ! $63.74M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.7¢ | 5.5¢ | $8.907K | 156.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 485523 | 5.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 141504 | 2 |
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| PVE (ASX) Chart |