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FINANCIAL NEWS
Aabar acquires stake of 36.1 percent in Arabtec
11 Feb 2015
(MENAFN) Aabar Investments’ stakes in Dubai’s Arabtec Holding are up to 36.1 percent, which amounts to 0.565 percent of Arabtec’s capital, Gulf News reported.
Abu-Dhabi-based Aabar’s 24.8 million purchased shares increased its stake and its total shares in Arabtec to 1.59 billion shares, reports said.
A former purchase of a stake in Arabtec was made by Aabar’s former chief executive in June. The purchase increased stake to 34.9 percent from 18.9 percent.
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