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LVMH, HNA, Middle East fund to bid for DLF’s Amanresorts: sources

LVMH, HNA, Middle East fund to bid for DLF’s Amanresorts: sources
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First Published: Thu, Oct 13 2011. 08 01 PM IST

Amanresorts at Bhutan. Photo: Bloomberg
Amanresorts at Bhutan. Photo: Bloomberg
Updated: Thu, Oct 13 2011. 08 01 PM IST
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.
Amanresorts at Bhutan. Photo: Bloomberg
DLF declined to comment when contacted by the news agency.
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.
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First Published: Thu, Oct 13 2011. 08 01 PM IST
More Topics: LVMH | HNA Group | DLF | Amanresorts | Corporate News |