Bahrain's Arcapita sells stake in London care facilities
 

07-01-13 11:44 AM

DUBAI (Reuters) - Arcapita , a Bahrain-based investment firm, said on Monday it has sold its 80-percent interest in a joint venture controlling five London senior care facilities to U.S.-based Healthcare REIT (real estate investment trust). Arcapita is in the midst of a Chapter 11 bankruptcy process, which it entered into in March 2012 due to pressure from hedge funds to repay a $1.1 billion ...

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