Investors circle Istithmar’s shipping company
Dubai World’s investment unit is looking to sell Inchcape Shipping Services for up to $700 million.
February 3, 2010 12:01 by kippreport
Istithmar, the investment arm of the troubled Dubai World, has put Inchcape Shipping Services up for sale for around $700 million, according to the Financial Times.
Advent International, Cinven, Charterhouse, Montagu, TPG and Kohlberg Kravis Roberts & Co. are among private equity groups working on potential bids, the FT said.
ISS is headquartered in the UK.