Actis places bids for Abraaj's emerging market funds

FILE PHOTO - Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich

Actis, a leading emerging market investor, has bid to buy the bulk of the private equity funds’ business of stricken Dubai-based Abraaj, two sources familiar with the matter said.

Actis joins other potential buyers such as Kuwait’s Agility, which has teamed up with New York-based Centerbridge Partners for its bid, York Capital and Abu Dhabi Financial Group.

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