UAE investor sells stake in Merlin

Posted | Contributed by Jeff

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.

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delan's avatar

They're broke. They need the money :-)

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