Arabic millions being spent in Denmark
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09.01.2008 Print article (IE & NS 4+)
 
It’s not only Icelandic businessmen who’ve caught wind of investment opportunities in Denmark – Arabic investors have also shown increasing interest
 
Danish companies are enjoying increasing attention from Arabic investment funds, according to financial daily Børsen.

‘We are immensely interested in Denmark and the Nordic region. The countries are politically and economically stable,’ said Abdulla Saleh Janahi, managing director of United International Bank.

The bank bought on Tuesday the Danish company Kosan Crisplant.

Half a year ago, a capital investment fund with headquarters in Bahrain bought Icopal, another Danish company.

‘We’re noticing that a lot of funds are looking into investments and there will be more take-overs in the future,’ said Rene Steen Larsen from Deloitte & Touche.

He added that the funds in question were capable of making multi-billion kroner bids.

According to Deloitte & Touche, Denmark was a good country for the Arabic investors as they were not after large multinational corporations, but solid middle-sized companies.

 

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