Emaar Properties, Emaar Malls merger to proceed on November 21

No objections raised against plan; merger conditions met 

  
An investor looks up at electronic display boards at the Dubai International Financial Market, March 21, 2010. Image for illustrative purposes.

An investor looks up at electronic display boards at the Dubai International Financial Market, March 21, 2010. Image for illustrative purposes.

REUTERS/Ahmed Jadallah

Dubai developer Emaar Properties and its shopping centre unit Emaar Malls will go ahead with the merger at the end of the trading session on November 21, the two companies said in a statement to Dubai Financial Market (DFM) on Thursday. 

The announcement comes as the two entities received no objections and met all the conditions regarding the planned merger. 

The boards of the two companies, which trade as Emaar and Emaar Malls on DFM, first announced their intention to merge in March. 

(Writing by Imogen Lillywhite; editing by Cleofe Maceda) 

Imogen.Lillywhite@refinitiv.com 

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