June 17, 2010 / 2:40 AM / 9 years ago

Khazanah to buy stake in Aman Resorts-paper

NEW DELHI, June 17 (Reuters) - Malaysian sovereign fund Khazanah is close to buying a controlling stake in luxury hotel chain Aman Resorts from India’s DLF (DLF.BO) for up to $350 million, the Economic Times reported on Thursday.

The deal may not include Aman’s Delhi property, the newspaper said, citing a person privy to details of negotiations. Goldman Sachs (GS.N) is advising DLF and JPMorgan (JPM.N) is advising Khazanah, it said.

Aman runs 23 hotels, including in Thailand, Bhutan, Cambodia, China and the United States, the paper said.

A DLF representative declined comment, it said.

For a full story, see (www.economictimes.com) (Writing by Devidutta Tripathy; Editing by Ranjit Gangadharan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below