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Arabtec denies Aabar Investments majority stake

Dubai-based construction firm, Arabtec has denied a report in a local newspaper that shareholder Aabar Investments had taken a majority stake in the company, 7Days has reported. The article on May 12, 2012, includes incorrect information, Arabtec said, adding that Aabar's actual stake in Arabtec is 20.76%.