Dubai transport authority picks Rothschild & Co for asset review | Reuters
Dubai's Roads and Transport Authority (RTA) has selected Rothschild & Co (ROTH.PA) to advise on the strategic review of its assets, two sources close to the matter said on Thursday.
The transport regulator is considering an initial public offering of Dubai Taxi Corp and its public parking business, said the sources, who declined to be named as the matter is not public.
The RTA and Rothschild & Co did not respond immediately to a request for comment.
The authority is expected to appoint Emirates NBD for the potential IPOs, two sources with knowledge of the matter said.
Emirates NBD did not immediately respond to a request for comment.
The RTA last year raised $1 billion and drew orders of $50 billion for a 24.9% stake in a public share sale of its toll-road business Salik (SALIK.DU).
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