Aabar denies investment in Arabtec
Abu Dhabi, January 3, 2010
Abu-Dhabi based Aabar Investments said it has not made an investment in Arabtec, after the Dubai-based construction firm last week said it was not in talks about any possible deal.
'We can confirm that Aabar has not made an investment in the company mentioned in the Bloomberg report to which you refer in your facsimile,' Aabar said in a statement to the Abu Dhabi bourse.
Arabtec had denied the same report on December 30.-Reuters