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Email this article: Kerzner hands Atlantis the Palm to Dubai in debt restructuring



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Posted: Fri April 27, 2012 11:50 pm
UAE. Kerzner sold a 50% stake in Atlantis the Palm in Dubai to resort co-owner Istithmar World, a unit of Dubai World, for US$250 million, according to a statement.
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UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."



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