Emaar Plans to Delist Emaar Development After Buyout Offer
Emaar Properties’ board approved plans to launch a buyout offer for Emaar Development worth as much as $3.4 billion, with a view to delisting the construction arm from the local stock exchange.
By Federico MaccioniDubai's Emaar Properties DFM:EMAAR aims to delist its construction arm Emaar Development DFM:EMAARDEV from the local stock exchange, it said on Thursday, as its board approved plans to launch a buyout offer worth as much as $3.4 billion.