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Sovereign Wealth Funds Briefing - Categorized | Investment

Dubai wealth fund buys out Sol Kerzner

Posted on 08 April 2014

Hotel and casino czar Sol Kerzner will retire as chairman of Kerzner International Holdings Limited (KIHL) following Investment Corporation of Dubai’s purchase of a stake in the company Kerzner founded in 1994.
“This is a significant milestone in my life after a long and happy career in the tourism industry and I wish the company well,” Kerzner said. The Dubai sovereign wealth fund announced last week that it had completed the purchase of a “significant equity interest” in KIHL, from the Kerzner family, and several other institutional investors………………………………………..Full Article: Source


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