Dubai International Capital confirms it is one of the final bidders for DaimlerChrysler's diesel engine unit
Sameer Al Ansari, Chief Executive Officer (CEO) of Dubai International Capital confirmed the reports published in the local and international media that it is one of the front runners to buy DaimlerChrysler's diesel engine unit.
- United Arab Emirates: Tuesday, November 01 - 2005 at 18:00
- PRESS RELEASE
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Dubai International Capital is a subsidiary of Dubai Holding.
Sameer Al Ansari said,
'The information is correct. Dubai International Capital is bidding to buy DaimlerChrysler's diesel engine unit. The deal has not been finalized yet but Dubai International Capital is one of the three final bidders.'
The CEO of Dubai International Capital said that an official announcement will be made by the entity if the negotiations are finalized.
The final announcement for the bid will be made by the end of November.
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Notes and media contacts
About Dubai International Capital
Dubai International Capital is the international investment arm of Dubai Holding, which owns and manages a diversified portfolio of companies operating in the fields of leisure, healthcare, technology, finance, real estate, research, education, tourism, energy and communications.
Established in October 2004, DICapital is building an international portfolio of diverse business assets in North America, Europe, Asia-Pacific and the Middle East/North Africa to create and maximise long-term shareholder value as an active investor in different asset classes.
For further information contact:
Dubai Press Club
Ph: 9714-3616666
Fax: 9714-3688000
www.dpc.org.ae
Posted by Lara Lynn Golden, News EditorTuesday, November 01 - 2005 at 18:00 UAE local time (GMT+4)
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This Article was updated on Sunday, May 20 - 2007
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