Abraaj investors said to prefer $1 Actis bid to Gulf offers

Abraaj investors said to prefer $1 Actis bid to Gulf offers

Arif Naqvi, chief executive officer of Abraaj Capital Ltd., pauses during a Bloomberg Television interview in London, U.K. Photographer: Luke MacGregor/Bloomberg

Actis’s $1 bid for the Middle East and North Africa private equity operations of Abraaj Group is favored by investors in the funds, despite higher offers linked to Persian Gulf-based firms, according to people familiar with the matter.

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