Tyco International will acquire a 75% stake in UAE-based valve manufacturer, KEF Holdings, The Wall Street Journal reports. Tyco may pay about $300 million for the stake. Dubai International Capital, the private equity investment unit of Dubai Holding, will sell its 45% stake in KEF for $178 million, adds Reuters. KEF’s founder and CEO, Faizal Kottikollon, will hold the remaining 25% stake of KEF.
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