NEWS: Dubai International Capital cuts stake in Merlin

[jedimaster1227]

http://www.forbes.com/feeds/ap/2010/02/15/business-ml-dubai-merlin_7356972.html

 

Amusement park operator Merlin Entertainments says an investment company controlled by Dubai's ruler has sold much of its stake in the company. A spokeswoman for Merlin, Susanna Voyle, says Dubai International Capital cut its stake to 6 percent from 17 percent last summer. She declined to say how much the stake was worth.

 

Spokeswomen for DIC and Danish finance company Kirkbi confirmed that the Dubai fund sold part of its holding to Kirkbi, which is owned by the family that founded Lego.

 

Dubai's many state-linked companies have said little about their holdings since serious financial concerns began to emerge in the emirate in the wake of the financial crisis.

 

The Financial Times first reported the sale Monday.