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Abu Dhabi: Merger to shore up real estate market

Posted on 14 March 2012

Abu Dhabi’s move to merge builders Aldar Properties and Sorouh Real Estate is geared towards shoring up sovereign wealth fund Mubadala and stabilising the emirate’s brittle real estate market.
Bankers say that a deal is likely to be effected through a share swap, which would dilute Mubadala’s sizeable stake in Aldar, a developer hit by stagnant sales and falling asset prices, and improve its ability to tap capital markets………………………………………..Full Article: Source


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