DUBAI: Abu Dhabi state fund Aabar Investments is seeking to borrow $2.5 billion (Dh9.2 billion) from banks to refinance a loan coming due in April, sources aware of the matter said on Monday.
The firm is in talks with a small group of banks regarding the financing, the sources said, adding the talks were at the preliminary stage.
The loan will be supported by its parent company, International Petroleum Investment Co (Ipic), said two of the sources without divulging the nature of support.
Aabar, with stakes in companies including UniCredit , Dubai-listed builder Arabtec and Richard Branson’s Virgin Galactic, declined to comment.
