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Posted: 06 Apr 2010 | 7:55 am
Back of a report from the Economic Times that DLF the majority owner of the prestigious Aman Resorts chain has engaged Goldman Sachs to sell its equity stake. DLF has an ownership stake of 97% and Adrian Zecha the remaining portion. Reportedly the company is valuing the chain at USD600 million.
DLF which is a leading property firm in India has stated that it is looking to focus on it's core business, which has suffered during the recent economic downturn.
Many industry analysts point out that Aman has never been a great financial performer despite it's strong brand name and high consumer awareness. Concerns also exist on the age of it's found Adrian Zecha and the lack of a clear cut succession plan.
Without a doubt though Aman remains a trophy asset and is going to attract serious attention from prospectrive buyers.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
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