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DIC has no plans to sell European assets

27 June 2010

Dubai International Capital, an investment unit of conglomerate Dubai Holding, has said it does not plan to offload its European assets and will hold on to its investments for at least two more years, Reuters has reported. "DIC is not currently planning the sale of any of its majority-owned European assets," the firm said. "We do expect exits in the 2012-15 time frame once we have optimised value consistent with the management business plans," it said.

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