Monday 12 March 2012

Aldar merger with Sorouh may be rejected like Emaar and Dubai Properties « ArabianMoney

After the Dubai real estate crash three years ago there was a very serious proposal that Emaar merge with Dubai Properties but following a six-month study it was recommended for rejection.


Abu Dhabi has now ordered a three-month study of a $15 billion merger between Sorouh and Aldar Properties, its two real estate giants. Of course the devil is in the detail of such a proposal.


However, the conclusion should likely be the same as the proposed Emaar and DP merger. Why?

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