| 29.01.2009 - Arcapita eyes fresh equity from wealth funds |
| From Reuters: Bahrain-based investment bank Arcapita said on Wednesday it is trying to raise fresh capital from sovereign wealth funds, after its credit ratings were cut by Standard & Poor's. "We are in the process of securing a significant equity increase from certain sovereign wealth funds," Arcapita said in a statement. A spokesman for the bank told Reuters the sovereign wealth funds are in the Gulf Arab region as well as Asia, but declined to provide more details..... Full Article: Source |