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Dubai World unit sells Atlantis hotel
Published Thu, Dec 5, 2013 · 10:00 PM
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[DUBAI] Investment Corp of Dubai (ICD), the flagship holding firm of some of the emirate's top companies, has acquired the Atlantis hotel from a unit of Dubai World for an undisclosed sum, ICD said yesterday.
The sale adds to a series of asset disposals by Dubai World, which needs the proceeds to repay its massive debt after a US$25 billion restructuring in 2011. The conglo…
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