Home GCC Dubai’s DXB Entertainments to hire advisers to evaluate Meraas’ offer The board approved appointing KPMG and Shuaa Capital as financial advisers and Allen & Overy as legal adviser by Bloomberg December 30, 2020 DXB Entertainments plans to hire advisers to evaluate state-controlled Meraas Holding offer to acquire the Dubai theme park operator’s debt and take it private. The board approved appointing KPMG and Shuaa Capital as financial advisers and Allen & Overy as legal adviser, according to a regulatory filing Wednesday. Last week, Meraas offered to acquire debt worth Dhs4.26bn dirhams ($1.16bn) and convert it into new DXB Entertainment shares, boosting its ownership to more than 90 per cent. DXB Entertainment hasn’t posted a profit since listing and the stock has lost more than 90 per cent of its value since a peak in 2016. Tags Dubai Parks and Resorts DXB Entertainments Meraas Holding mergers and acquisitions 0 Comments You might also like Dubai Parks and Resorts, Tabby launch new BNPL payment option using Tabby Card Abu Dhabi’s IHC increases tech deals by 100% over last year, aims to launch tech holding arm Chalhoub Group acquires majority stake in London-based digital luxury retailer Threads Styling How 2021 was a record year for M&A