Dubai delays $27 billion plane order
Dubai’s aircraft leasing company is to postpone a $27 billion order for new aircraft as the emirate continues to struggle with its debt mountain. Dubai Aerospace Enterprise (DAE), which is owned by a number of Dubai state-owned investment vehicles, is negotiating with Boeing and Airbus to postpone delivery of more than 200 aircraft for its [...]
CVC Capital buys £2.25bn stake in Merlin
Private equity firm CVC Capital Partners has acquired a 28 percent stake in theme park operator Merlin Entertainments for £2.25bn. The deals sees private equity firm Blackstone reduce its stake and Dubai International Capital (DIC) dispose of its remaining shares. Merlin is now owned 36 percent by family-owned investment company KIRKBI, 34 percent by Blackstone [...]