London 15th July 2010 – HBG Holdings (“HBG”), a leading emerging markets private equity firm, has denied rumours suggesting it was in advanced merger talks with a US asset manager.
Michael Toxvaerd, Executive Director of HBG Holdings said, "We have been approached in the past by firms looking to enter the Middle East which I suspect was due to our unique market position. And it’s true we are in ongoing collaborative discussions with UK and US asset managers. However there is no substance whatsoever in these merger rumours. It’s pure speculation”.
MUSCAT -- In another first for Muscat Finance Company (MFC) Ltd (SAOG), having already been selected as Oman's Number 1 Finance Company, they officially inaugurated their attractive new corporate office, under the auspices of Dr Omar bin Abdul Munim al Zawawi, Special Advisor for External Liaison to His Majesty the Sultan,at Al Khuweir, yesterday.