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Date Posted: May 30, 2008 Last Updated: May 31, 2008
The purchase of Fasig-Tipton by Dubai-based Synergy Investments was finalized May 30, according to Boyd Browning, Fasig-Tipton’s executive vice president and chief operating officer. “The sale closed as scheduled with no problems and we are moving along with business as usual,” Browning said. “We look forward to a bright future at Fasig-Tipton.” Financial details of the transaction were not made public. Synergy Investments is headed by Abdulla Al Habbai, an associate of Sheikh Mohammed, the ruler of Dubai . It was announced April 10 that Fasig-Tipton, founded in 1898 and North America’s oldest Thoroughbred auction company, had reached an agreement to be purchased by Synergy. Copyright © 2008 The Blood-Horse, Inc. All Rights Reserved.
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