Aabar Investments to acquire 70% stake in Arabtec for $1.7bn.

Aabar Investments, an investment company, agreed to acquire 70% stake in Arabtec, a construction group, for $1.7bn. “Aabar Investments PJSC and Dubai’s Arabtec Holdings PJSC have agreed for Aabar to acquire 70 percent of the shares in Arabtec by way of a convertible mandatory bond,” Arabtec.