| 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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