Dubai firm acquires Doncasters for $1.3b.

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May 7, 2006 14:59

 
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Dubai International Capital said Sunday it had completed its acquisition of Doncasters Group Ltd, which operates several US manufacturing plants that make parts for US military vehicles and aircraft. The White House approved the US $1.3 billion deal last week after a two-month review satisfied some American lawmakers who earlier blocked a Dubai company's attempt to buy a British firm that operated several US ports. "Dubai International Capital is pleased to have successfully completed its acquisition of Doncasters," said Sameer al-Ansari, company CEO. "This acquisition allows Dubai International Capital to move forward with its investment strategy to build a diverse portfolio of direct investments across various industries around the world." Click here to read more.

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