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Goldilocks ups stake in Dana Gas to 5.21%

Encouraged by gas operator’s positive operational performance and improving financial condition

Gulf News

Dubai: Goldilocks, part of the Abu Dhabi Financial Group (ADFG), increased its stake in Sharjah-based gas operator Dana Gas, and now holds 5.21 per cent. The fund purchased a 5 per cent stake in June last year. Goldilocks said in a statement that it is encouraged by Dana Gas’ positive operational performance and improving financial condition. Goldilocks looks forward to working with all stakeholders to enhance Dana Gas’ profile and to make it one of UAE’s successful and profitable oil and gas companies. Goldilocks is supported by other Dana Gas shareholders which as Integrated Capital and Abu Dhabi Financial Group. Together with Goldilocks, these shareholders hold around nine per cent of Dana Gas’ total shares collectively.

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