DUBAI (Zawya Dow Jones)–The merger of Dubai’s Emaar Properties Emaar Properties PJSC (EMAAR.DFM) and three state-controlled property firms could prompt a wave of consolidation in the struggling emirate, analysts say.
Boundary Capital in Anglo debt talks (RTÉ News)
Dublin-listed investment company Boundary Capital has reported a pre-tax loss of €54.7m for last year, compared with a loss of €2.7m a year earlier, due to a fall in the value of its investments.
Emaar downplays debt burden of Dubai property merger (Zawya)
DUBAI, Jun 28, 2009 (AFP) – Dubai real estate giant Emaar Properties 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 dollars, seven percent of combined assets.
Emaar downplays debt burden of Dubai property merger (Sydney Morning Herald)
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.
Emaar’s Merged Entity to Have $3.65 Billion in Debt (Update1) (Bloomberg)
June 28 (Bloomberg) — Emaar Properties PJSC , the Middle East’s largest real-estate developer, said the entity created by its merger with three state-controlled competitors will have 13.4 billion dirhams ($3.65 billion) in debt obligations. Emaar shares dropped the most since November.
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