Qatar's Aamal Co AHCS.QA has postponed plans to list shares in London after failing to reach the valuation it had hoped for, two sources close to the deal said on Thursday.
The diversified trading, property and industrial company had aimed to list up to 24 percent of its share capital in the form of global depositary receipts, boosting its free float from a previously illiquid 0.3 percent.
"Ultimately when there is a listed price and the price the market is willing to pay is meaningfully below that ... they weren't happy to sell the stake and decided to postpone," said one of the sources.
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