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FINANCIAL NEWS
UAE’s Aabar to buy 28.9 percent stake in Arabtec
17 Jul 2014
(MENAFN) Aabar Investments plans to buy 28.9 percent stake in Arabtec Holding, and is holding negotiations with the latter about the purchase, according to Arabian Business.
The stake will be purchased from the construction company’s former chief executive officer, making Aabar the company’s largest shareholder.
The two parties are holding talks on the purchase price which is expected to reach USD1.36-1.63 per share held by Hasan Ismaik.
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