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Minerva has nothing to add
The long-mooted interest in Minerva has been flushed out. Limitless, the real estate arm of Dubai World behind the Palm Jumeirah and World developments in the Emirate, confessed that it was in the “very preliminary stages of considering its options” regarding Minerva. There had been no formal approach to Minerva’s board, the group added.
We’re not sure. But we don’t think Minerva, whose shares are up 15 per cent on the news, is impressed.
Response to Announcement from Limitless LLC (”Limitless”)
The Board of Minerva notes the announcement made today by Limitless. The Board of Minerva confirms that it has received no proposal from Limitless and therefore has nothing to respond to.
A further announcement will be made in due course, if appropriate.
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