Nakheel sells its stake in Australia’s Mirvac
The shares sold for…
August 26, 2009 2:15 by kippreport
Dubai -based property developer Nakheel sold the last of its stake in Australian developer Mirvac Group for $167.6 million, reports Reuters. Deutsche Securities Australia bought Nakheel’s 172 million shares at $0.96 a share.
Nakheel had told Reuters last year that it had planned to raise its 12.5 percent stake in Mirvac to just under 20 percent.