(MENAFN) Morgan Stanley ha been hired as the adviser of Emaar Properties on the sale of 25 percent stake in the latter's high-performing shopping malls and retail business, according to Khaleej Times
Emaar also plans to appoint a local bank as additional adviser on the secondary offering
Emaar Malls & Retail has reported USD772 million revenue in 2013, posting a 20 percent rise from the year 2012
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