Arabtec-Aabar merger is on track
2010-02-08 00:26:51

Dubai contrator Arabtec's proposed merger with Aabar Investments is still on track,with a possible closure in March. The firm expects to post profits in the fourth quarter, its CFO said yesterday. Aabar had agreed to acquire a 70 percent stake in Arabtec last month in a deal valued at about $1.7 billion (Dh6.2 billion.

source: Gulfnews

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