Wednesday, August 26, 2009

Nakheel to Sell Stake in Mirvac for $166 Million

Aug. 26 (Bloomberg) -- Nakheel PJSC, the real-estate developer controlled by Dubai’s government, agreed to sell its stake in Mirvac Group for A$200 million ($166 million).
Deutsche Securities Australia Ltd. will purchase Nakheel’s 172 million shares in Mirvac, an Australian real-estate investment trust, at A$1.1625 a share, according to a regulatory filing to the Australian Stock Exchange today.

Read more:
http://www.bloomberg.com/apps/news?pid=20601206&sid=akN9efAT6bNM

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