| From Khaleejtimes.com: Deyaar Development denied on Tuesday that it was in talks with its peer Union Properties for a possible merger between the two Dubai-based listed developers — a subject of intense market speculation since the suspension of trade in the shares of home loan providers Amlak Finance and Tamweel late last year.
Rumours of consolidation in Dubai’s troubled real estate sector got a second wind after Emaar Properties announced last month that it was looking at a possible merger with three unlisted developers owned by conglomerate Dubai Holding..........Full Article: Source
|