Dubai’s Istithmar World and Nakheel PJSC will keep their stake in Cirque du Soleil Inc., said Daniel Lamarre, chief executive officer of the circus, amid reports that the funds are considering asset sales.
“They are going through a difficult period, that’s no secret,” Lamarre told reporters today after a speech to the Montreal Board of Trade. “But investing in the Cirque is the best investment they ever made.”
Istithmar Chief Executive Officer David Jackson told the Financial Times last week that the state-owned fund would consider selling some of its investments to repay some of its related companies’ debts. The report didn’t say whether the Montreal-based circus was one of those investments.
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