Khazanah may pick up Amanresorts
Malaysian SWF Khazanah Nasional, which has been more and more active in direct investments over the past 18 months, is now seeking to pick up a controlling stake in luxury resort chain Amanresorts from its current owner, Indian real estate developer DLF Group, for some $300-350 million, according to reports.
Amanresorts operates villas and resorts in 15 countries worldwide, having expanded from its core territory in Southeast Asia to other parts of Asia, Africa, and the US with a new resort in Utah. DLF, which...
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