Thursday, May 31, 2007

Dubai's Leisurecorp buys S.Africa golf course

(Reuters) - State-owned Dubai World said on Thursday it bought a golf-course development in South Africa, without giving a value for the transaction.

Leisurecorp, a unit of Dubai World's Istithmar, made the purchase of the 170-hectare Pearl Valley Signature Golf Estate and Spa in the Cape Winelands area in the south of the country, Dubai World said in a statement.


Read more at Reuters Africa

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