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Emaar Properties weighs $3.2 billion buyout of construction, development arm

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Gulf News
“Emaar Properties weighs $3.2 billion buyout of construction, development arm”

Dubai: Emaar Properties is considering buying out minority shareholders in its listed subsidiary Emaar Development in a potential multibillion-dollar transaction that could lead to the unit's delisting, Bloomberg reported on Tuesday, citing people familiar with the matter. Emaar Properties currently owns just over 79% of Emaar Development, which has a market valuation exceeding $15 billion. Acquiring the remaining shares could cost the parent company as much as $3.2 billion at current market…

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