Abu Dhabi-Mubasher: Arqaam Capital said that it acted as the sole lead manager and financial adviser on the private placement of Abu Dhabi-based Federal Transformers Company (FTC) and Federal Power Transformers (FPT).
FTC and FPT were set up with the vision of creating GCC based world class facilities for manufacturing of transformers, according to Abdulla Nasser, chairman of FTC and FPT.
"This cross border transaction strengthens the cooperation and economic ties between GCC countries,” said C. S. Badrinath, CEO of the Zubair Corporation.
He went on to say that the investment made in FTC and FPT provides Zubair with a high quality manufacturing platform with a recognized brand and access to significant intellectual property.
