Dubai School Operator’s Talks With Abu Dhabi Group Stall
- GEMS stake sale talks with ADQ and Aldar said to have stalled
- Owners Varkey and CVC had sought to value firm at $6 billion
This article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
Dubai-based GEMS Education is considering options for the business after talks to sell a controlling stake to a consortium of Abu Dhabi state-backed entities stalled over valuation, according to people familiar with the matter.