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Sunday 20 June 2010
Dubai International Capital appoints Deloitte to evaluate value of Travelodge and Doncasters | Mail Online
Dubai International Capital has appointed accountant Deloitte to review the value of its British assets, including budget hotel chain Travelodge and engineering firm Doncasters, in a move that could lead to a sale of some of its businesses.
The international investment arm of sovereign parent company Dubai Holding has run into major financial difficulties after acquiring assets before the recession.
DIC, which has a stake in amusement parks operator Merlin Entertainments and owns healthcare firm Alliance Medical, has debts of £1.7 billion.
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