FINANCIAL NEWS

Qatari Diar settles dispute with CPC

24 Jul 2010

(MENAFN) Qatari Diar and CPC Group announced that they have agreed a settlement of the dispute between them arising from the proposed development of the former Chelsea Barracks site, Gulf Times reported.

In terms of the settlement, CPC and Candy & Candy will no longer have any interest in, or involvement with, the former Chelsea Barracks site, which is owned entirely by Qatari Diar.

The other terms of the settlement are to remain confidential between the parties, the Qatari developer said in a statement.

The parties confirmed that they were happy to have been able to turn over the page and that they looked forward to the future in a positive frame of mind.

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