10/8/2008

Dubai's Deyaar eyes aquisitions in Turkey

Reuters - Dubai developer Deyaar said on Monday that it was looking for international aquisitions including in Egypt, Saudi Arabia and Turkey but expansion might be slowed if liquidity is short. "We are looking at opportunities for an acquisition in countries such as Egypt, Saudi Arabia and Turkey, wherever it makes sense," Chief Executive Markus Giebel said. "We would like to control, so a 100 percent stake is preferred."
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