The secrecy in which Solidere has enshrouded its second lifeis lifting and the facts are beyond what the company had leton since last November when it first acquired shareholderapproval to venture outside of the confines of the BeirutCentral District. It has been known since last year that Solidere waspreparing its “coming out.” Solidere International (SI) willbe registered at the Dubai International Financial Centerwith capital of just over $700 million (representing a sharevaluation of $770 million). Solidere will have a 37.2% stakewith management control and the ability to consolidate SIresults into its books. Everyone wants a piece of SI These were the highlights of the ultimate investment planwhich Solidere chairman and CEO Nasser Chammaa put in frontof shareholders last month, asking for and getting,authorization to pour $216 million of company cash into theSI capital through a private placement in order to gain thecontrolling stake that the Lebanese company sought. Besides the
