Politics
Emaar Is Said to Study Buyout of $14 Billion Construction Arm
Key Points
EXCLUSIVE Real Estate Emaar Is Said to Study Buyout of $14 Billion Construction Arm Dubai’s Emaar Properties PJSC is considering plans to take over its listed construction arm in a potential multibillion-dollar deal, according to people familiar with the matter. The firm, which owns just over 79% of Emaar Development PJSC, could unveil plans for a transaction as soon as the next few days, some of the people said, declining to be identified because the information is confidential. The...
EXCLUSIVE
Real Estate
Emaar Is Said to Study Buyout of $14 Billion Construction Arm
Dubai’s Emaar Properties PJSC is considering plans to take over its listed construction arm in a potential multibillion-dollar deal, according to people familiar with the matter.
The firm, which owns just over 79% of Emaar Development PJSC, could unveil plans for a transaction as soon as the next few days, some of the people said, declining to be identified because the information is confidential. The construction unit is valued at more than $14 billion at current share prices, meaning a deal could cost Emaar Properties as much as $3 billion.