03
Mar
00:00
Senaat could carry out subsidiary IPO in 2015, but not necessarily ESI
Senaat, the government-owned investment vehicle and owner of Emirates Steel (ESI), could carry out an initial public offering this year for one of its subsidiaries. The company’s representatives declined to tell Kallanish whether ESI is the division being targeted for a listing, which has been on the cards since 2009.
Senaat chairman Hussain Al Nowais last spoke publicly in late 2012 about Abu Dhabi-based ESI’s potential IPO, saying it could be c…
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