Global banks, including the likes of Goldman Sachs and J.P. Morgan Chase, are jostling to win the advisory mandate for Abu Dhabi’s state-backed merger of its two property developers, a ticket seen opening doors in the wealthy emirate.
Analysts say the deal, outlined in March, is aimed at shoring up Abu Dhabi sovereign wealth fund Mubadala, which has a big stake in struggling Aldar, and stabilising the emirate’s brittle real estate market………………………………………..Full Article: Source