| From Financialadvice.co.uk: It was billed as the deal which turned the property sector, it was seen by many as the start of a wave of substantial investment by Middle East investors but the takeover deal has turned sour.
It seems as though the deal broke down when Dubai world was unable to come to a satisfactory agreement with Minerva’s banks. Quite what the issue(s) was remains to be seen but no doubt we will hear more this week. However, it has also been revealed that Minerva has enough money to continue trading in its own right and all of its projects are fully funded. That is not to say that times will not be difficult for the group, but the offer by Dubai World was not a rescue offer by any means..... Full Article: Source
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