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AbuDhabi's Goldilocks Fund buys 5pc stake in Dana Gas

ABU DHABI, June 19, 2017

In a strategic move, UAE-based Goldilocks Investment Company said it has acquired a five per cent stake in the Abu Dhabi listed-natural energy company, Dana Gas.

Goldilocks fund is an Abu Dhabi Global Markets domiciled open-ended equity fund that invests primarily in listed equities.

The acquisition of Dana Gas shares totalling 350 million is aimed at generating above-average returns while minimizing the risk on capital, said a statement from the company.

Goldilocks, managed by ADCM Altus Investment Management Limited, a group company of Abu Dhabi Financial Group, often takes a constructive active role to unlock value.-TradeArabia News Service

Tags: Dana Gas | Stake | abudhabi |

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