| Yahoo Local News |
| Arcapita completes $401.4 Million acquisition of world's fastest growing drill bit manufacturer (Zawya)
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Bahrain - 10 th December 2007 - Arcapita Bank B.S.C.(c), a leading international investment firm headquartered in Bahrain, today announced that it and its affiliates have completed the acquisition of Varel International Ind., L.P., the fastest growing manufacturer of drill bits for the oil and gas industry amongst the top five competitors, for a transaction value of $401.4 million. |
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