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EMAAR SAYS A BIG NO-NO TO MERGER WITH DUBAI HOLDING

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Emaar properties, a real estate superstar in the Gulf, is going through a very bad time and has refused to ink the deal with the Dubai Holding stating that the deal is not feasible. As per the reports from www.propertykhazana.com it has come at the time when Dubai based company is introducing an initial public offering of over INR 3800 Crores.
Emaar properties stressed that the plan to cancel the deal with Dubai Holding was done after lot of research and analysis. Emaar also found out that the proposed deal was not correct in the present economic scenarios. As per the sources from www.propertykhazana.com the studies were also done by the international experts and analyst from the economic and financial field.
Furthermore, the Dubai world, a government owned establishment could not clear the debt of $59 million and sought more time. This embarrassed Dubai government in front of world markets. This shattered the confidence of investors and people feared that there will be another financial disaster. For more scintillating updated please visit www.propertykhazana.com.
Source: NBTVLIVE

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