CDL nears M&C hotels takeover with €872m offer

City Developments Limited (CDL), a development firm controlled by Singaporean billionaire Kwek Leng Beng, is close to an agreement to acquire the 35% of shares it does not already own in London-listed Millennium & Copthorne Hotels, after offering £776.29 mln (€872 mln) for the remaining stake.

Would you like to read more? Log in first (top right of the screen) or take a trial.