VOL. XXXIV

NO. 37

17-JUNE-1991

UAE

Abu Dhabi Sells Share in CFP-Total at a Profit

The Abu Dhabi Investment Authority (ADIA), which manages the emirate'sreserve funds, has gradually reduced its stake in Compagnie Franµaise desPetroles-Total (CFP-Total) from more than 9% to less than 1%, according toBulletin de l'Industrie Petroliere (BIP). The latter adds that ADIA's shareswere sold at around FF700 per share, double the purchase price of FF350 pershare, thereby realizing a handsome profit. ADIA...