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Sunday 11 March 2012

ADIA reducing stake in MIIF


Announcement made today that Abu Dhabi Investment Authorithy have sold 4 million shares (hence, its stock holding reduced to 5.9509% from 6.2890%) in MIIF.   Time frame of sales period was not made known; probably after it went ex-dividend?

But how to explain on below on ADIA previous / recent announcements on sales of MIIF as follows :-

a. 22 Feb :- from 7.6597% to 6.9990%

b. 7 Feb :- from 9.99% to 7.6607%

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