May 27 2012
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MARKET TALK:EFG Eyes Clarity From Arabtec On Potential Aabar Benefits
Sunday, May 27, 2012
1041 GMT [Zawya Dow Jones]--EFG Hermes sees some potential benefits for Arabtec Holding from Aabar Investments' increased involvement in the company, that could include expansion in the oil and gas sector and the extension of the company's Abu Dhabi backlog. Notes Aabar stake--through various units--disclosed at 21.6%, according to data posted on DFM. "Nonetheless, we wait for management to communicate a clear strategy regarding these potential benefits before drawing firm conclusions." Arabtec shares end -0.7% at AED2.87. (firstname.lastname@example.org; Twitter: @ZDJnews)
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