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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

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.

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