PropertyEU

Dubai clinches Colonial deal

By A staff reporter 2008-03-11T00:00:00

The Investment Corporation of Dubai (ICD) has brokered a deal with Colonial's shareholders to give the sovereign wealth fund a majority stake in the troubled Spanish property company. In a statement sent to the Spanish securities watchdog (CMNV) on Tuesday evening, ICD said that it is acquiring a 50.4% stake ...

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