News in brief: Deutsche to invest in Emaar-MGF?
Deutsche Bank’s New-York based real estate arm (RREEF) looks set to invest in the Emaar-MGF, a major real estate firm in India. If the $200 million deal completes it will become the largest transaction in the Indian real estate sector. RREEF has over $65 billion in assets under management, making it one of the largest real estate investors in the world.
“We are looking to raise equity in the company and are currently in advanced stages of discussions with several players including RREEF,” admits a source at Emaar-MGF.