DUBAI, Oct 7 (Reuters) - UK developer Quintain Estates & Development is
talking to Gulf Arab investors about taking a stake in its Wembley City project
and would also be open to selling a stake in the company, deputy chief executive
Nick Shattock told Reuters.
"We are talking to UAE investors, Bahrain and Dubai," he said on the
sidelines of a real estate conference on Tuesday. "We are looking to market a
stake in Wembley, which is as much as 50 percent, to a long term strategic
partner.
"We are aware that anybody interested in a scheme the size of Wembley would
also like to acquire a strategic stake in Qintain stock. If asked, we would be
open to such a scenario."
(Reporting by John Irish; editing by Amran Abocar) Keywords: QUINTAIN/
tf.TFN-Europe_newsdesk@thomson.com
ak
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|