Middle East Economic Survey
VOL. LIII
No 30
26-Jul-2010
UAE
Aabar And IPIC Agree On New Buyout Offer Price
Abu Dhabi investment company Aabar and its majority stakeholder International Petroleum Investment Company (IPIC) have agreed to increase a buyout offer to minority shareholders to Dh1.95 ($0.53) a share, from Dh1.45 ($0.39) a share, as the largest single investor in Germanys Daimler seeks to delist from the emirates stock exchange and become a private company. The offer period commenced on...
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