Deals
Dubai's Meraas Seeks Buyers for Stake in Roxy Cinemas
- Developer will soon start gauging interest from buyers
- Movie theater merger and acquisition deals are increasing
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Dubai-based property developer Meraas Holding LLC is weighing the sale of a significant minority stake in its Roxy Cinemas unit to raise funds for expansion, according to people familiar with the matter.
Meraas will start gauging interest from potential buyers shortly, the people said, asking not to be identified because the discussions are private. The company operates three cinemas in Dubai under the Roxy brand, according to its website. Meraas declined to comment.