NBK Capital, the investment bank owned by National Bank of Kuwait SAK, said it acquired a 50 percent stake in Bavet, a distributor of animal pharmaceuticals in Turkey.
“The capital will be used to finance Bavet’s significant expansion plans and enhance its corporate infrastructure,” NBK Capital said in an e-mailed statement today. It did not disclose the value of the deal.
To contact the reporter on this story: Fiona MacDonald in Kuwait at firstname.lastname@example.org
To contact the editor responsible for this story: Shaji Mathew at email@example.com