Sunday, 31 January 2010
Oman eyes Dubai's stakes in Bank Muscat
Four Omani pension funds are interested in buying Dubai Holding's stake in Bank Muscat through a consortium, two officials close to the pension funds said on Sunday.
The pension funds want to buy the debt-laden conglomerate's entire stake in Oman's largest lender or a portion of it at "market price," one official said.
Last week, bankers and analysts said the debt-laden conglomerate was looking to sell the stake to meet its debt burden.
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