Istithmar selloff possible as Dubai struggles
Istithmar, the alternative investment arm of government holding company Dubai World, now burdened with some $60 billion of debt, may soon sell off key property and other assets to support its struggling parent.
Istithmar has an estimated $2.6 billion of equity investments worldwide, some in Asia, with US investee luxury retailer Barneys, bought for some $942.3 million in 2007, one of the prime targets for restructuring....
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