Dubai Group Buys Into Bahraini Real Estate Co.

October 2008 | M&A News Alert

Dubai Group subsidiary Dubai Ventures Group has paid US$76.9mn to become Acacia Real Estate Limited's largest stakeholder. It announced on September 29 that it now holds a 51% stake in the Bahraini real estate investment company and will hold four seats on the company's board of directors. The move was made to expand its real estate portfolio in the Middle East and North Africa regions, as well as other emerging markets.

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