Saturday 26 June 2010

UAE's Aabar sets July shareholder meet on delisting | Energy & Oil | Reuters


Abu Dhabi's Aabar Investments (AABAR.AD: Quote), the largest stakeholder in Daimler (DAIGn.DE: Quote), called a July 26 shareholder meeting to discuss delisting the company to boost flexibility.

Aabar said its board decided on Thursday to seek regulatory approval for the extraordinary general assembly to convert the world's only listed sovereign wealth fund into a joint stock company and delist it from the Abu Dhabi bourse.

Aabar made investors nervous this week with plans to go private.

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