ADIC may divest stake in ADNIC
State-backed Abu Dhabi Investment Council (ADIC) is studying the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co. (ADNIC), Reuters reported. Allianz is among groups showing initial interest in buying the council’s stake. If the deal is carried out successfully, it will strengthen Allianz’s position in the United Arab Emirates, a […]
