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Adia denies plans to cut European exposure

07 July 2010

The Abu Dhabi Investment Authority (Adia) has revealed it has no plans to cut its exposure to Europe, saying a stable regulatory, legal and tax framework make it an attractive place to invest, Reuters has reported. "No, (we) maintain a stable view," Jean-Paul Villain, strategy unit head at Adia, told the news service when asked if the fund was looking to reduce its exposure in the face the debt crisis in Europe. "These markets are efficient," he said.

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