Goldman Sachs Buys $40 Million of Warrants in Drake & Scull
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Goldman Sachs Group Inc. bought warrants representing about 8.5 percent of the market value of Drake & Scull International PJSC, a Dubai-based supplier of engineering services to the construction industry.
The warrants have a notional value equal to 147 million dirhams ($40 million) with a five-year maturity and can be exercised after two years, Drake & Scull said today in a statement to the Dubai stock market.