Sunday 4 July 2010

Aabar’s shareholders face uncertain future - The National Newspaper


A week after Aabar Investments announced plans to delist its shares from the Abu Dhabi Securities Exchange (ADX), the fate of minority shareholders remains unclear.

At issue is whether the investment firm, which is 71 per cent-owned by the Abu Dhabi Government-controlled International Petroleum Investment Company, will be required to buy back the other shares, valued at close to Dh5 billion (US$1.36bn), or whether those shares will continue to trade over the counter.

In a statement released to the ADX last Monday, the company hinted at the latter option.

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