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 UAE Exchange suitor in merger talks with Bahrain-headquartered BFC Group DXB Entertainments posts net loss of Dhs2.7bn for 2020 Free annual passes to Dubai Parks and Resorts for all Dubai private school staff Dubai’s Meraas offers to delist park operator DXB Entertainments