Saudi Arabia Hanco consortium buys rental firm Byrne

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(Corrects to show GIB Capital is a Saudi-based subsidiary of Bahrain's GIB) DUBAI, March 25 (Reuters) - Saudi Arabia's Hanco and Bahrain's Venture Capital Bank have bought Byrne Investments for around 600 million dirhams ($163.35 million), the Riyadh-based car rental company said in a statement on Tuesday. Hanco has acquired 75 percent of Byrne, an equipment leasing firm, and Venture Capital Bank the remaining 25 percent. Havenvest Private Equity Middle East and HSBC Bank Middle East were the sellers. ...

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