Kerzner may sell Atlantis stake to Dubai’s Istithmar

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  1. uggboy
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    uggboy Gold Member

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    Kerzner may sell Atlantis stake to Dubai’s Istithmar;)

    Luxury resort operator Kerzner International Holdings may sell its 50 percent stake in the Atlantis resort in Dubai to raise money to restructure $2.6bn in mortgage debt coming due next week, the Wall Street Journal reported on Wednesday, citing sources.

    The Bahamas-based company is in talks to sell the stake to Istithmar World, Dubai's investment arm, people familiar with the matter told the Journal.

    The sale, if consummated, could reap as much as $250-$350m, the people said.

    http://www.arabianbusiness.com/kerzner-may-sell-atlantis-stake-dubai-s-istithmar-418203.html

     
  2. uggboy
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    The Atlantis Hotel Dubai......:)

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