| [Edit]
|
Dubai International Capital (DIC) was established in October 2004 as the international investment arm of Dubai Holding. In 2005, it purchased the The Tussauds Group from Charterhouse Capital Partners for £800 million pounds ($1.5 billion).
DIC has also acquired a 2% stake for $1 billion in German-US carmaker DaimlerChrysler, making it the company's third largest shareholder.
|
top
Recent developments
On March 2, 2006, The Washington Post reported that DIC plans to buy Doncasters Group Ltd., a British precision-engineering company with plants in Connecticut and Georgia that make precision parts used in engines for military aircraft and tanks.
The company said in a statement it is confident the U.S. government will approve its $1.2 billion offer. It said it was pursuing all U.S. regulatory approvals "as is customary for international business transactions of this nature."
top
See also
|
|
