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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Abu Dhabi realty merger to salve state fund’s pain

Posted on 13 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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