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Dubai's stake in Atlantis to increase to 71 percent
(MENAFN) The Investment Corp of Dubai (ICD) said that it purchased a stake Kerzner International Holdings Limited (KIHL), Arabian Business reported
Sources say the stake in the hotel management company operating the Atlantis was 46 percent, but a price has not been revealed
A unit of state-owned Dubai World, Istithmar World, owns a 25 percent stake in Kerzner, while Goldman Sachs and Colony also has a stake in the company
Among Kerzner properties are the global Atlantis and One & Only resort chains
Sources say the stake in the hotel management company operating the Atlantis was 46 percent, but a price has not been revealed
A unit of state-owned Dubai World, Istithmar World, owns a 25 percent stake in Kerzner, while Goldman Sachs and Colony also has a stake in the company
Among Kerzner properties are the global Atlantis and One & Only resort chains
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