Dubai sets foot in Bulgaria
Investment Corporation of Dubai offered 3 billion euro for Inmobiliaria Colonial, the Spanish developer that owns of Riofisa, which is developing two projects in Bulgaria worth more than 450 million euro, Bloomberg reported on February 28.Investment Corporation of Dubai bid 1.85 euro for each share of Colonial, which lost half its market value in six the past months, on February 27. The offer is 8.8 per cent higher than the closing price of the previous day.