Abu Dhabi fund Aabar Investments said its sale of €2 billion ($2.2 billion) of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances.
Abu Dhabi's Aabar Investments could raise up to 2 billion euros ($2.2 billion) by launching bonds exchangeable into shares of Italian bank UniCredit, to raise funds and help buy back a Daimler exchangeable bond.
Aabar, which o
Abu Dhabi's Aabar Investments is preparing a bond that can be exchanged for shares in Italian bank UniCredit SpA, a source familiar with the matter said on Monday.
A spokesman for Aabar, which has a stake of just over 5 per ce
A subsidiary of Aabar Investments has received regulatory approval to buy a further 100 million shares in Arabtec, strengthening the Abu Dhabi state-run fund's hold on the Dubai-listed builder, according to a bourse filing on Monday.
Manchester City’s official club partner Aabar Investments has entered into a new deal with the club’s women’s team, Manchester City Women’s Football Club (MCWFC).
As part of the agreement, Aabar will sponso
The former chief executive of Dubai-listed construction firm Arabtec Holding plans to sell his remaining stake in the company, a source with knowledge of the matter told Reuters on Wednesday.
However, Hasan Ismaik will only offloa
Dubai's largest contractor Arabtec reported a 32 per cent drop in third-quarter net profit on Sunday, missing analysts' estimates by a wide margin as general expenses nearly doubled from a year earlier.
The builder, in whi
Abu Dhabi state fund Aabar Investments raised its stake in Dubai-listed construction firm Arabtec to 34.93 per cent from 18.94 per cent with an off-market trade on Tuesday, the bourse said in a statement.
The trade, which made Aab
UAE’s state-run Aabar Investments has acquired a 5.1 per cent stake in Egypt's second-largest listed real estate developer Palm Hills, the Abou Rawash-headquartered company said in a statement on Sunday.
Palm Hills is va
The Abu Dhabi fund, which owns a major stake in British commercial spaceflight company Virgin Galactic, will wait for results of the probe into last week's fatal crash before deciding on its commitment to the project, a source with knowledge