Emaar Properties Plans Cash Offer for Remaining Emaar Development Shares
Emaar Properties plans a voluntary cash offer for the Emaar Development shares it does not already own, seeking full ownership of the property-development subsidiary.
By Farhan RafidDubai-based Emaar Properties said Wednesday that it plans to make a voluntary cash offer to acquire the remaining shares in Emaar Development that it doesn't already own, in a move to take full ownership of its property-development subsidiary.The company intends to offer 15 dirhams…