Dubai sells stake in Legoland owner
Dubai International Capital sells two-thirds of its stake in theme park operator Merlin Entertainments.
February 15, 2010 9:16 by Ben Flanagan
Dubai International Capital (DIC) has sold two-thirds of its 17 per cent stake in Merlin Entertainments, the theme park operator that owns UK attractions such as Legoland, Alton Towers and the London Eye.
DIC, a sovereign wealth fund controlled by Dubai’s ruler Sheikh Mohammed Bin Rashid al-Maktoum, has cut its stake in Merlin from 17 to 6 per cent, according to a report in today’s Financial Times.
It sold the stake to the Lego founding family, led by Kjeld Kirk Kristiansen, which is a fellow shareholder in Merlin. US private equity group Blackstone also owns 48 per cent stake in Merlin.
More on GCC
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
