US-based Blackstone Group LP and Luxembourg-based CVC Capital Partners are in talks to buy a stake of up to 40 percent in Dubai developer Emaar Properties’ entertainment division, Bloomberg reported Wednesday, citing sources familiar with the matter.

 

The entire unit could fetch as much as $2 billion, one of the sources said.

 

No agreement has been reached yet and the discussions may not result in a deal, it was reported.  

 

Dubai-listed Emaar operates the Dubai Aquarium & Underwater Zoo, Dubai Ice Rink and the Reel Cinemas chain under its entertainment division.

 

Earlier this year, sources told Bloomberg that Emaar was mulling the sale of a minority stake in Reel Cinemas.

 

At the time, the company said it had considered the idea previously but decided not to go ahead with it. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request