Meraas plans buyout of DXB Entertainments

Meraas intends to make a conditional offer to acquire the remaining shares in the company

  
Meraas Dubai launches contactless ‘Curbside Pickup’ service to keep customers connected to local retailers and restaurants across City Walk, La Mer and The Beach in a safe and convenient manner. Image courtesy: Dubai Media Office Twitter account. Image for illustrative purposes.

Meraas Dubai launches contactless ‘Curbside Pickup’ service to keep customers connected to local retailers and restaurants across City Walk, La Mer and The Beach in a safe and convenient manner. Image courtesy: Dubai Media Office Twitter account. Image for illustrative purposes.

DUBAI- Dubai property company Meraas, which owns more than half of DXB Entertainments, intends to make a conditional offer to acquire the remaining shares in the company, stock exchange filings showed on Sunday.

Under the terms of the offer, the minority shareholders in DXB Entertainments (DXBE) will be entitled to 0.08 dirhams ($0.0218) in cash for each DXBE share. ($1 = 3.6728 UAE dirham)

(Reporting by Yousef Saba Editing by David Goodman ) ((Yousef.Saba@thomsonreuters.com; +971562166204))


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