Minerva has a takeover bid from Dubai wealth fund
06/06/2008
Minerva, one of London's largest property developers who is subject to a takeover attempt by the sovereign wealth fund, Limitless, is looking to sell off part or all of its largest development- Park Place.Limitless is a division of the multibillion-pound Dubai World group of companies, owned by the Gulf state. Limitless is taking advice from UBS about the potential bid. It has been suggested that the bid could be £322m.As yet there has been no formal bid from Limitless, according to reports.
