29.06.2009 - Emaar downplays debt burden of Dubai property merger
From Theage.com.au: Dubai real estate giant Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion US dollars, seven percent of combined assets. The listed company, which is mostly controlled by the government, and the government-owned Dubai Holding had said on Friday that they were in advanced talks to merge Emaar and three Dubai Holding property units -- Dubai Properties, Sama Dubai and Tatweer........Full Article: Source