Tuesday 21 May 2013

Abu Dhabi's TAQA denies London bourse move - Markets - ArabianBusiness.com

"Abu Dhabi National Energy Company (TAQA) has said it is looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stock.
Abu Dhabi newspaper The National said on Monday that TAQA was considering a dual listing on the London stock exchange and an opening up of its free-float of shares domestically to foreign investors.
TAQA is 75 percent owned by the Abu Dhabi government, while foreigners are currently not allowed to trade in the remaining stock listed on the Abu Dhabi stock market."

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