Abu Dhabi Financial Group boosts equity in troubled Gulf Navigation | The National

Abu Dhabi Financial Group boosts equity in troubled Gulf Navigation | The National:



"Abu Dhabi Financial Group has lifted its stake in Gulf Navigation to 5.19 per cent and plans to hold turnaround talks with the troubled Dubai-based shipping company.



Integrated Capital, the capital markets unit of the alternative investment firm with US$3 billion in assets, bought more than 28.61 million shares.



It did not disclose the size of its equity in Gulf Navigation before the latest investment."



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