Wednesday 17 March 2010
Britain's Whitbread Buys Out Dubai Partner
Whitbread, Britain's biggest hotel and coffee shop operator, has bought out its Indian joint venture partner Emaar MGF of Dubai.
Specific terms of the deal were not immediately disclosed, according to City.Aim, a London online publication.
"Whitbread confirms that Premier Inn has completed the acquisition of the 50.1 per cent stake it did not own in the JV with real estate developer Emaar MGF," the company said in a statement.
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