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Sheikh Tahnoon IHC was a involvement in Richard Caring’s Ivy Hospitality Empire

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Richard Caring is in advanced talks to sell a significant part of his Hospitality Empire in the United Kingdom, which includes the IVY restaurant chain and the London Annabel London Member Club, to a powerful entity by the powerful Sheikh Royal Sheikh Tahnoon bin Zayed al-Nahyan.

Talks between Caring, called “King of Mayfair” and the Sheikh Tahnoon IHC participation company, which have been continued for some time and intensified in recent weeks, can lead to an agreement that could exceed more than £ 1 billion, according to people with knowledge of the subject.

An agreement would mark a partial output AchealatA hospital tycoon turned into a 76 -year -old Rag merchant who has set up for decades a portfolio of some in London and the most well -known life properties in the United Kingdom. It would also deliver the funding of businessmen to bring their hospitality brands like IVY in new markets.

The exact parameters of any transaction are kept in flow, but are anchored around Caring efforts to sell a participation in Troy, the company that owns the IVY collection, made up of more than 40 restaurants in the United Kingdom and Ireland.

However, conversations have been expanded so that an agreement could include other caring assets, such as elite private members’ clubs in Mayfair, including Annabel, George and Harry’s Bar. These clubs are in an entity called Mark Birley Holdings, which owns Qatari Royal and former Prime Minister Sheikh Hamad Bin Jassim Bin Jaber al-Thani.

Annabel's private members' club in Mayfair is covered in thousands of red flowers and roses
Richard Caring Hospitality Empire Includes Annabel’s © Alamy

Apart from Troy and Mark Birley Holdings, other caring companies include the Casual Eating Bill and Caprice Holdings, which have high -end restaurants such as Sexy Fish, Scott’s and Bacanalia.

The people involved emphasized that there was no guarantee of agreement between the IHC and the care, and emphasized the changing nature of discussions about price and assets.

Caring controls its empire by means of a complicated network of investment vehicles, which are ultimately owned through companies from outside the sea in Jersey and the British Virgin Islands. The hospitality tycoon also increased the debt that these silos cuts, with corporate archives showing that Troy, Caprice and Mark Birley Holdings have jointly guaranteed bank loans.

IHC, the most valuable company in the abu dhabi stock market for market capitalization, is the extensive conglomerate controlled by Sheikh TahnoonThe Minister of National Security of the United Arab Emirates and brother of President Sheikh Mohamed bin Zayed.

One of Abu Dhabi’s most powerful menSheikh Tahnoon also directs the push of Arab Emirates to artificial intelligence through their G42 group. He visited the White House earlier this year and is regularly in the best technology executives in the United States.

IHC already has several investments in hospitality. Its subsidiary Listed Alpha Dhabi Holdings has a participation in the National Tourism and Hotels Corporation, whose assets include luxury hotels in Abu Dhabi, The Maldives and Seychelles. Through a joint company with Monterock International, a group of investments with a large hospitality portfolio, Alpha Dhabi also has brands in brands including the Greek luxury chain Nammos.

IHC said that “it is regularly dedicated to discussions on various opportunities between sectors” and reveals “any material development once a transaction has been confirmed”, in accordance with applicable regulations.

Caring refused to comment.



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