Home Industry Energy Abu Dhabi fund takes 5% stake in Dana Gas The stake was acquired by Goldilocks Investment Co, an equity fund which is part of Abu Dhabi Financial Group by Reuters June 20, 2017 Goldilocks Investment Co, an open-ended equity fund which is part of Abu Dhabi Financial Group, said on Monday it had bought 5 per cent of Abu Dhabi-listed gas producer Dana Gas. The fund was launched last October as a $200m vehicle with a strategy of taking minority stakes in companies and helping them to restructure and develop. Its brief statement did not say what it intended to do with Dana. Dana is struggling to recover hundreds of millions of dollars in overdue payments from Egypt and Iraqi Kurdistan. Last week, it proposed a restructuring of $700m of its Islamic bonds, arguing that the instruments had become illegal under United Arab Emirates law since they were issued. Dana Gas’s shares jumped 66 per cent this month after the company proposed the bond restructuring. Some brokers said they believed a strategic investor was building a stake. 0 Comments