BAML, FAB to get roles in IPO of Emaar's UAE real estate unit: sources:
"Bank of America Merrill Lynch (BAC.N) and First Abu Dhabi Bank FAB.AD are set to join Goldman Sachs (GS.N) in getting roles in the share sale of the UAE real estate development business of Emaar Properties EMAR.DU, sources told Reuters on Tuesday. Dubai-based Emaar, the builder of the world’s tallest tower, is considering an initial public offering of up to 30 percent of the business by November in what could be the first listing on the Dubai Financial Market in nearly three years. A spokesman for Emaar, in which Dubai’s government owns a minority stake, said the list of banks was not yet finalised."
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