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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




Tags: deal | Colonial | ICD |

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