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Dubai Holdings, Emaar to consolidate
- United Arab Emirates: Saturday, June 27 - 2009 at 09:57
Emaar Properties Dubai Holdings LLC have announced advanced discussions on their plans to consolidate real estate businesses of Emaar, Dubai Properties, Sama Dubai and Tatweer. According to a press statement, the companies are assisted by financial advisers, Royal Bank of Scotland and Merrill Lynch International in finalizing a thorough assessment of the merits of the proposed consolidation, including valuation of various entities as well as assessment of the potential transaction structures.
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Medilyn Manibo, Assistant News EditorSaturday, June 27 - 2009 at 09:57 UAE local time (GMT+4)
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