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Abraaj liquidator said to prefer Cerberus bid over rival Colony

Abraaj Group’s provisional liquidator prefers a lower offer from Cerberus Capital Management for assets of the embattled Dubai-based private equity firm over a rival bid from Colony Capital, according to people familiar with the matter. Deloitte, which is managing the provisional liquidation of Abraaj with PricewaterhouseCoopers, currently favours Cerberus and…

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Click here to read the full story: Arabian News

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