(MENAFN) Dubai-based Al Habtoor Group is planning to give up its Lebanese assets, including two hotels and a shopping mall, Arabian Business reported.
Chairman Khalaf Al Habtoor said that the conglomerate has received several approaches from regional and Lebanon-based investment firms to buy the Hilton Beirut Metropolitan Palace, Hilton Beirut Habtoor Grand and the Le Mall shopping centre.
The company, whose portfolio spans the hospitality, construction and automotive sectors, shelved plans to go public through USD1.6 billion IPO.
The conglomerate said that it was valued at USD6.06 billion by Grant Thornton.
The valuation excluded the four properties in Beirut, and one in Hungary, as well as the group's shareholding in Habtoor Leighton Group and "several other investments in public shareholding companies", the group added.
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