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Article: Dubai International Capital LLC to Acquire 9.9% Equity Stake in Och-Ziff Capital Management Group LLC.
- Article from:
- PR Newswire
- Article date:
- October 29, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBAI and NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- Dubai International Capital LLC ("DIC"), the international investment arm of Dubai Holding, and Och-Ziff Capital Management Group LLC ("Och-Ziff") today announced that DIC will acquire a 9.9% outstanding equity stake in Och-Ziff's business upon completion of Och-Ziff's planned initial public offering. The purchase price per share paid by DIC will be determined based on the pricing of the public offering, less the underwriting fees and commissions, but in any event will not exceed $33.00 per share.
Sameer Al Ansari, Executive Chairman and Chief Executive Officer of DIC, said: "Since inception, DIC has always ...