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Investor Relations
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FinancialNews
09-11-17
Tristar Group sells USD100m shares to GIC
(MENAFN) Kuwait's Gulf Investment Corporation (GIC) invested USD100 million in UAE-based logistics company Tristar Group as it has bought an equity stake to GIC.
Tristar will be jointly owned by Kuwait's Agility, GIC and the founder and CEO of the Tristar Group, Eugene Mayne following the latest investment.
Tristar will be using the proceeds to expand its business, it stated.
MENAFN0911201700450000ID1096060993
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