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Bloomberg
Thursday, April 3, 2014 Thursday, April 3, 2014 |
Investment Corp. of Dubai took over leadership of Kerzner International Holdings, the hotel operator that built Atlantis resorts in the Gulf emirate and the Bahamas.
ICD, which holds stakes in United Arab Emirates government businesses from transportation to heavy industry, purchased a “significant” stake in Kerzner, it said in a statement today without disclosing the size or cost. Mohammed Al Shaibani, ICD’s chief executive officer, will become chairman of Kerzner.
This is an excerpt from Bloomberg as it appeared on April 3, 2014. For updates or to read the current version of this post in its entirety, please click here.
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