BackLVMH, HNA, Middle East fund to bid for DLF’s Amanresorts: sources
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13 Oct 2011, 08:01 PM IST
LVMH, HNA, Middle East fund to bid for DLF’s Amanresorts: sources
PremiumAmanresorts at Bhutan. Photo: Bloomberg
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 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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Published: 13 Oct 2011, 08:01 PM IST
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