Dubai's Al Habtoor to sell stake in CIMIC construction joint venture

November 1, 2015 3:28 PM

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DUBAI Nov 1 The Al Habtoor Group, a family-owned Dubai conglomerate, plans to sell its stake in construction joint venture Habtoor Leighton Group as it seeks to focus on core businesses, chairman Khalaf al-Habtoor was quoted as saying in a TV interview on Sunday.

Several international and regional companies were interested in buying the stake in the venture, he told Saudi-owned al-Arabiya television. Its co-owner is Australian construction firm CIMIC Group.

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