{"id":58880,"date":"2014-04-07T08:36:00","date_gmt":"2014-04-07T12:36:00","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/target\/investment-corporation-of-dubai-buys-major-stake-in-kerzner-international"},"modified":"2014-04-07T08:36:33","modified_gmt":"2014-04-07T12:36:33","slug":"sol-out-as-arabs-buy-major-stake-in-kerzner-international","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2014\/04\/sol-out-as-arabs-buy-major-stake-in-kerzner-international","title":{"rendered":"Sol Out as Arabs Buy Major Stake in Kerzner International"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-39135\" alt=\"atlantis\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/09\/atlantis1-250x187.jpg\" width=\"250\" height=\"187\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/09\/atlantis1-250x187.jpg 250w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/09\/atlantis1-150x112.jpg 150w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/09\/atlantis1.jpg 500w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/>The Investment Corporation of Dubai has purchased a \u201csignificant equity interest\u201d in Kerzner International Holdings Limited from the Kerzner family.<\/p>\n<p>Kerzner International operates the Atlantis and One &amp; Only resort properties, which includes two Bahamas resorts and others in Mauritius, the Maldives, Mexico and South Africa.<\/p>\n<p>ICD previously acquired the Atlantis, The Palm resort earlier this year, another Kerzner property.<\/p>\n<p>Istithmar and certain affiliates of Goldman Sachs and Colony Capital will continue to have \u201csignificant holdings\u201d in the company, IDC said.<\/p>\n<p>\u201cI am pleased to confirm that ICD has completed a major investment in KIHL,\u201d said Mohammed Al Shaibani, executive director and CEO of IDC.<\/p>\n<p>Shaibani will take over as Chairman of Kerzner from the company\u2019s founder, Sol Kerzner.<\/p>\n<p>Alan Leibman will remain KIHL\u2019s CEO.<\/p>\n<p>Terms of the deal were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sol Kerzner passes the torch as the Investment Corporation of Dubai purchased a \u201csignificant equity interest\u201d in Kerzner International Holdings Limited from the Kerzner family.<\/p>\n","protected":false},"author":17,"featured_media":39135,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[109,153,98,25],"class_list":["post-58880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-atlantis","tag-business-2","tag-financial","tag-hotels"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/58880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=58880"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/58880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media\/39135"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=58880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=58880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=58880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}