Dubai's DIC says it won't sell European assets before end-2011

19 October 2010

Dubai International Capital has no plans to sell any European assets before the end of 2011

Dubai International Capital has no plans to sell any European assets before the end of 2011, as the private equity arm of Dubai Holding waits for their value to rise, Reuters has reported. “It’s fair to say that our expectation is that our companies will continue, appreciate in value, over the next several years, so why sell now?” chief investment officer David Smoot said on the sidelines of an Abu Dhabi conference on private equity. “We see 2011 as a time when we will return to growth,” Smoot said.

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