Dubai-based Arabtec Holding may need a $1.7 billion investment by Abu Dhabi's Aabar Investments to cope with future losses, analysts said on Sunday, as its shares fell 6.9 percent.
On Friday, investment firm Aabar, 71 percent owned by the UAE federal government, offered to buy a 70 percent stake in Arabtec through a convertible bond at 2.3 dirhams per share, in a deal valued at $1.7 billion.
The deal, at a 20.4 percent discount to Arabtec's closing price on Thursday, could signal more trouble in coming quarters.
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