DIC considering combined sale of 3 biggest companies

February 6, 2014 9:27 am

Dubai International Capital, wholly-owned by Dubai Holding, is exploring a combined sale of its three largest companies in a deal worth more than $2bn, Bloomberg has reported, citing people with knowledge of the matter. DIC is working with investment bank Evercore Partners Inc. to gauge investor demand for the businesses, said the people. The portfolio includes majority stakes in packaging specialist Mauser AG and aluminum manufacturer, Almatis GmbH of Germany as well as UK engineering aerospace group, Doncasters Group Ltd, the people said.