UAE's Aabar delisting plan unsettles investors
* Analysts say being private suits Aabar's strategy
* Company seen taking advantage of low share price
* Minority investors confused by company move
* Investment firm has stakes in Daimler and Virgin Galactic
By Dinesh Nair and Stanley Carvalho
ABU DHABI, June 23 (Reuters) - State-owned fund Aabar AABAR.AD has always stood out for its rapid growth and high-profile purchases but the world's only listed sovereign wealth fund is now making investors nervous with its plans to go private.
Aabar, majority-owned by the government of Abu Dhabi, shocked investors on Monday when it announced it was considering delisting from the Abu-Dhabi bourse and converting to a private joint stock company. [ID:nWEA6884]
Aabar thus would move from being one of the most transparent sovereign funds, most of whom operate in complete secrecy, back into the shadows and become the first delisting of a local firm from the Abu Dhabi bourse. Continued...