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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

UAE regulator urges higher buyout offer for Aabar

Posted on 19 July 2010

From AP: The Emirates’ market watchdog is calling on Aabar Investments’ top shareholder to boost its offer to buy out minority shareholders by more than a third.
The Securities and Commodities Authority urged state-run International Petroleum Investment Company to pay 1.95 dirhams (53 cents) a share in a letter disclosed Sunday. IPIC is offering 1.45 dirhams……………………………………….Full Article: Source


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