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Dubai's Colonial takeover bid failsShares in InmobilIaria Colonial were set to decline on Thursday after Investment Corporation of Dubai (ICD) failed to seal a partial takeover deal with the Spanish property company's creditor banks. After a negotiation deadline passed on W More… |
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ICD hopes to conclude Colonial dealInvestment Corporation of Dubai yesterday said it hoped to reach a mutually satisfactory agreement with Inmobiliaria Colonial SA on its offer to acquire the firm. ICD last week made an offer to acquire Colonial for 1.19 euros per share in More… |
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Banks reluctant to refinance ColonialGoldman Sachs and other banks are reluctant to refinance Spanish property firm Colonial's debt, potentially blocking its buyout by Investment Corporation of Dubai (ICD), said a source familiar with the deal. The Middle East sovereign wealt More… |
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ICD, Colonial investors to sign dealInvestment Corporation of Dubai (ICD) and the main shareholders in Spanish property group Colonial have agreed a takeover deal and are set to sign the agreement, a source close to the deal said. Colonial's main shareholders have been More… |
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Dubai's Colonial bid faces problemsColonial's shareholders have asked the Investment Corporation of Dubai to make changes to a takeover bid worth more than 3 billion euros ($4.53 billion), the Spanish property company said. Colonial shares plunged as the news added to a pil More… |
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ICD extends Colonial due diligenceThe Investment Corporation of Dubai (ICD) wants to spend more time going through the books of bid target Spanish real estate firm Colonial, and has extended the due diligence period to February 27, the sovereign wealth fund said on Thursday. More… |
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Dubai eyes big stake in ColonialThe Investment Corporation of Dubai (ICD) has approached Colonial about buying major stakes in the Spanish property firm, which could lead to the state-owned fund making a full takeover bid, Colonial said on Thursday. In a statement, Colon More… |
