Aabar to discuss delisting with shareholders
Dubai, June 26, 2010
Abu Dhabi-based Aabar Investments, the largest investor in German carmaker Daimler, has called a shareholders meeting to discuss delisting the company to boost flexibility.
Aabar said its board decided to seek regulatory approval for the extraordinary general assembly to convert the world’s only listed sovereign wealth fund into a joint stock company and delist it from the Abu Dhabi bourse.
Aabar had already made investors nervous this week with plans to go private, according to a report in our sister publication, the Gulf Daily News. – TradeArabia News Service