Press: Reuben buys stake in Orient-Express

13th Aug 2007

David and Simon Reuben, the property entrepreneurs, have acquired a 5% stake in Orient-Express Hotels Ltd. (OEH), according to U.K. newspaper reports Sunday, which didn’t state where they got the information. The brothers have spent several months eyeing the New York-listed group, which has a market value of $1.93 billion, or GBP953 million, reports The Sunday Times and The Sunday Telegraph newspapers.

It is unclear what the Reubens’ intentions are, but their stake-building will trigger speculation that they could be considering an offer for some or all of the group’s assets, according to The Sunday Times.


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