Mumbai/Hong Kong: Moet Hennessy Louis Vuitton (LVMH), the world’s biggest luxury goods group, China’s HNA Group and a Middle Eastern fund are expected to submit binding bids for developer DLF’s luxury hotel chain, Amanresorts International, two sources with direct knowledge of the matter told the news agency.
DLF declined to comment when contacted by the news agency.
Amanresorts at Bhutan. Photo: Bloomberg
DLF has asked for six final bids in a process managed by Goldman Sachs and Citigroup, which is expected to be completed in a month’s time and could fetch at least $400 million.