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  • 17-12-13

    Dubai's Arabtec says no merger with Drake & Scull

    (MENAFN) Dubai-based Arabtec Holding denied that it was looking to buy local contractor Drake & Scull, calling it "recent market and media speculation, Arabian Business reported." The company said: �Arabtec Holding confirms that there have been no discussions between the management of both companies about a potential deal, and there are no current plans to acquire Drake & Scull either in full or in part. Earlier this year, Drake & Scull's chief executive said he is not planning to sell his stake in the company, but said that partnerships on projects with Arabtec will increase.

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