UAE/Germany: UAE’s largest divestment in years announced

The United Arab Emirates is set to see its largest asset sale since the financial crisis as Dubai International Capital plans to divest its Germany-based packing company for $1.7 billion, according to reports.

The Dubai Holding unit is set to sell Mauser, first acquired in 2007. The company will be acquired by Clayton, Dubilier & Rice.

The UAE faced financial struggles in 2009 with the debt crisis; reports say the Mauser sale marks its largest since.

Full content: Businessweek

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