Oman’s State General Reserve Fund (SGRF) has signed an agreement to acquire a 32.2 per cent stake in Spain-based MecanizadosEscribano. MecanizadosEscribanois a Spanish firm, based in Madrid, which manufactures precision mechanical components and develops its own systems for the aerospace and defence sectors. According to the deal, SGRF will invest in Escribano through a combination of equity purchased from the current owners and a capital increase to finance new development projects. (Times of Oman)
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