Arabtec says no truth to Aabar stake buy rumours

Arabtec said on Wednesday there was no truth to market speculation that Abu Dhabi's Aabar Investment would take a stake in the construction heavyweight. The rumours had driven the Dubai-listed firm's stock more than 20 per cent higher this week. On Monday, Arabtec's chief executive told Reuters he was unaware of any reason for the sharp run-up in the company's shares.