Dubai buys fifth of Cirque du Soleil

Artists of the Cirque du Soleil perform during their show "Varekai" in the northern German city of Oberhausen. circus troupe is made up of 50 artists from 17 countries. (AFP)

Published Wednesday, August 06, 2008

By AP

The government-controlled developer of palm-shaped islands off Dubai’s coast and a related investment arm are buying a 20 per cent stake in international circus touring company Cirque du Soleil.

Property developer Nakheel and investment company Istithmar World Capital are not disclosing the financial terms of the deal.

However, the agreement keeps control of Montreal-based Cirque in the hands of founder Guy Laliberte, putting to rest for now speculation that the troupe would be sold outright.

Nakheel and Istithmar are part of Dubai World, a diversified holding company owned by the government of Dubai.

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The page was last updated on: 14 January 2016 15:10