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QE2 UP FOR SALE

ABOVE: The QE2 cruise liner could be sold as its Dubai owner looks to ease its debt
8th February 2010

By Daily Star Reporter

The QE2 cruise liner could be sold as its Dubai owner looks to ease its debt mountain.


State-backed investment firm Dubai World is reported to be planning to sell a range of assets – including the luxury liner.


The company has debts of £14billion and shocked the markets last November when it asked to delay repayments to 100 banks.


Its private equity arm Istithmar paid Cunard £64m for the QE2 in 2007.

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