Mirvac loses interest in small funds
The Australian - Sydney,Australia
THE $3.1 billion Mirvac Group will sell or wind up smaller funds... Many of those opportunities will be in the Middle East, where Mirvac has formed partnerships with Nakheel, which owns 14.8 per cent of the group after becoming the sub-underwriter for its dividend reinvestment plan, and Abu Dhabi conglomerate Al Badie Group. ...Nakheel has indicated it would keep its holding at less than 20 per cent," he said. ...
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