Dubai Holding sells Bombay Stock Exchange stake

22 August 2010

Dubai Holding has sold its 4% stake in India's Bombay Stock Exchange to the American billionaire hedge fund investor, George Soros, The National has reported. The sale provides Dubai Holding with cash as it restructures its businesses and sells assets to repay debts. The sale is set to provide Dubai Holding with cash as it looks to pay its various debts.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.