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Deyaar mulls mergers or buyouts
- United Arab Emirates: Tuesday, October 07 - 2008 at 09:00
The CEO of Deyaar Development, a Dubai-based real-estate company, said the firm may take over or merge with other regional developers to take advantage of 'good value deals' that have turned up due to the global credit crisis, reported Bloomberg. Markus Giebel said 'there are a lot of distressed assets in the market,' and Deyaar could buy 'land or another company' that can help boost its global expansion.
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Jeff Florian, Senior ReporterTuesday, October 07 - 2008 at 09:00 UAE local time (GMT+4)
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