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DLF arm signs agreement with Amanresorts Group

India Infoline News Service | Mumbai | December 19, 2012 10:11 IST

The transaction is slated for final closure by end- February 2013 and is subject to usual closing conditions.

DLF Ltd has announced that “DLF Global Hospitality Ltd. "DGHL", 100% step-down subsidiary of DLF Ltd., and Adrian Zecha, the founder and Chairman of the Amanresorts Group of luxury resorts, has announced the signing of a definitive agreement to effect Zecha's Management Buy-Out "MBO" of DGHL's 100% shareholding in Silverlink Resorts Ltd., the holding company for Amanresorts.

The value of the "MBO" is at an enterprise value of approximately US$300m and it does not include the Aman New Delhi property (Lodhi Hotel) which shall be retained by DLF Ltd.

The transaction is slated for final closure by end- February 2013 and is subject to usual closing conditions.
 

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113110708763
DLF arm signs agreement with Amanresorts Group
DLF arm signs agreement with Amanresorts Group
The transaction is slated for final closure by end- February 2013 and is subject to usual closing conditions.
http://www.indiainfoline.com/article/news-top-story/dlf-arm-signs-agreement-with-amanresorts-group-113110708763_1.html
December 19, 2012 10:11 IST
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DLF Ltd , DLF Global Hospitality , Amanresorts Group
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