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Latest News
Report On Aman Resorts Acquisition Speculative, Says Khazanah
 
News From : DagangHalal.com (6/18/2010)

KUALA LUMPUR, June 17 (Bernama) -- Khazanah Nasional Bhd and its related companies are in dialogue with various parties, including Aman Resorts, on possible projects, the government investment arm said Thursday.


However, it said that an article in the press yesterday on "Khazanah to buy major stake in Aman Resorts" was purely speculative and misleading.


"Khazanah as a principle does not comment on speculation," it said in a statement.


A news report quoted the Economic Times of India as saying that Khazanah was close to acquiring a major stake in Aman Resorts, a popular luxury hotel chain.


It said Khazanah was likely to spend about US$350 million (RM1.225 billion) to buy the controlling stake in Aman from DLF, India's largest real estate developer.


Aman operates 23 luxury hotels worldwide, including in Bhutan, France, Indonesia, Morocco, Thailand and the United States.


-- BERNAMA

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