Aabar Investments to convert to private joint stock company

17 August 2010

Shareholders of Abu Dhabi's Aabar Investments have approved its conversion to a private joint stock company and subsequent delisting, Reuters has reported. The delisting, set to take effect on September 1, will mark the first delisting of a local firm from the Abu Dhabi bourse. Aabar's portfolio includes stakes in Italian banking giant UniCredit and Virgin Group's space travel unit Galactic.

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