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Sovereign Wealth Funds Briefing - Categorized | Investment

Dubai World acquires 50% of Singita

Posted on 30 October 2008

From Travelwires.com: Singita Game Reserves has successfully concluded an agreement that sees Dubai World acquire 50% of Singita’s interest in their Kruger National Park concession, incorporating two Relais & Chateaux lodges - Singita Lebombo and Singita Sweni.

The new ownership structure will not give rise to any change in the management and marketing of the operations, which will continue to be contracted to Singita’s management company. Luke Bailes, CEO of Singita says: ‘Working with one of the world’s leading global investment companies bodes well for Singita Game Reserves…… Full Article: Source


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