رئيس "أرابتك" لـ"الخليج": إجراءات صفقة "آبار" مستمرة
قال رياض كمال الرئيس التنفيذي لشركة “أرابتك” إن صفقة تملك “آبار” لنسبة 70% من رأسمال الشركة تنتظر حالياً استكمال الفحص القانوني والمالي من قبل “آبار” لتبدأ بعدها “أرابتك” باتخاذ الإجراءات التنفيذية للصفقة بدءاً بدعوة الجمعية العمومية للانعقاد من أجل الموافقة على العرض المقدم، نافياً ما تردد عن احتمالات توقف التحرك نحو تنفيذها بعد أن بدأت “أرابتك” تتلقى بالفعل دعماً قوياً من الشركاء الجدد .
وأوضح ان الإجراءات اللازمة لاستكمال عمليات الفحص والتقدم نحو تنفيذ الصفقة ستستغرق بعض الوقت وتحتاج إلى المتابعة حتى يتم إنجازها بالكامل .
وأشار الى أن “أرابتك” ستدعو الجمعية العمومية للانعقاد بعد إنجاز عملية الفحص ولن يكون هناك تأخير، وذلك من أجل المضي قدماً في إنجاز الصفقة .
Try the Google translator, it's far from perfect but you can usually get a general idea. I'm guessing that Aabar (AABAR) is Arabic for "wells" (have updated title). Looks like something about a meeting to further the Aabar Arabtec takeover.
Google translation 04 February 2010:
Riad Kamal, CEO of "Arabtec" (ARABTEC) The acquisition of "wells" for 70% of the company is currently awaiting completion of legal and financial examination by the "wells" to start then "Arabtec to" take the operational procedures of the deal, starting with the invitation of the General Assembly to convene to approve the offer, denying the rumors about the risk that the move towards implementation after it began, "Arabtec" is already receiving strong support from new partners.
He explained that the procedures necessary to complete the inspections and progress towards the implementation of the deal will take some time and you need to continue until it is completed in full.
He pointed out that "Arabtec" will invite the General Assembly to convene after the completion of the examination there will be no delay, in order to proceed with the completion of the transaction
thanks SW i think same statement is published in arabianbusiness
Reuters 04 February 2010:
Arabtec CEO says Aabar deal going ahead - paper
Arabtec Holding's (ARTC) merger with Aabar Investments (AABAR) will go ahead and there is no truth to speculation the deal is off, Arabtec's chief executive was quoted as saying on Thursday.
Riad Kamal said Aabar, the UAE's largest contractor, had received strong support from its new Abu Dhabi-based partner, according to Arabic daily Al Khaleej.
Last month, Arabtec said Aabar would acquire a 70 percent stake in Arabtec for $1.7bn.
Kamal said the deal is pending the completion of legal and financial inspection by Aabar before Arabtec's General Assembly meets to approve the proposal.
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