ICD, Colonial investors to sign deal
Madrid, March 11, 2008
Investment 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 in talks with ICD for more than a month about a takeover bid for all or part of the highly-indebted company.
Shares in Colonial were suspended earlier.-Reuters