Investcorp Buys Austrian Online Firm For $178 Million

DUBAI (Reuters) - Investcorp , a Bahrain-based investment firm, said on Sunday its online portfolio unit Skrill bought Austrian firm for up to 140 million euros ($177.67 million), betting on growth in online retail sector.

Topics:  dubai reuters     investcorp   bahrain-based   skrill   austrian   online   firm   million   
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  • Investcorp founder Nemir Kirdar to step down after 32 years
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  • Bahrain’s Investcorp to sell UK online payments firm for $794m
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  • Plunging asset income cuts Investcorp Bank's full-year take in half
    "Asset-based income was significantly down year on year due largely to the European crisis, accentuated by a slowing global economic environment," the firm said ... Wertkarten, an Austrian online-payments company, for €140m (Dh632.2m).
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