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Berggruen Holdings likely to acquire Dawnay Day's four-star hotel chain

Tuesday, 30 Sep 2008
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New York-based investment company Berggruen Holdings is in talks to acquire UK investment group Dawnay Day's four-star hotel chain Ten Hotels in India.

Berggruen Holdings has identified Dawnay Day's three properties as a potential investment target, and due diligence is in the final stage. The deal, if finalised, will be over $50 million.

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