Home UAE Dubai Dubai’s DXB Entertainments to hire advisers to evaluate Meraas’ offer The board approved appointing KPMG and Shuaa Capital as financial advisers and Allen & Overy as legal adviser by Bloomberg December 30, 2020 DXB Entertainments plans to hire advisers to evaluate state-controlled Meraas Holding offer to acquire the Dubai theme park operator’s debt and take it private. The board approved appointing KPMG and Shuaa Capital as financial advisers and Allen & Overy as legal adviser, according to a regulatory filing Wednesday. Last week, Meraas offered to acquire debt worth Dhs4.26bn dirhams ($1.16bn) and convert it into new DXB Entertainment shares, boosting its ownership to more than 90 per cent. DXB Entertainment hasn’t posted a profit since listing and the stock has lost more than 90 per cent of its value since a peak in 2016. Tags Dubai Parks and Resorts DXB Entertainments Meraas Holding mergers and acquisitions 0 Comments You might also like How 2021 was a record year for M&A 2021 was a record year for global M&A market: Lex Mundi Salesforce completes acquisition of Slack M&A: How technology can help integrate increasingly complex business models
