Arcapita completes Veridian takeover

BAHRAIN-BASED Islamic investment firm Arcapita Bank said yester- day, it had completed its £1.62 billion (€2.4bn) purchase of Viridian Group, the North’s biggest electricity supplier.

Arcapita said the trans- action was worth $4.2bn, including Viridian’s debt.

Viridian said on October 6 it had agreed to the takeover, the largest by Arcapita.