Abu Dhabi's Aabar not in talks for AS Roma bid

No offer for Italian football club and no future bid planned, says Aabar CEO
Abu Dhabi's Aabar not in talks for AS Roma bid
The indebted club AS Roma has been on the market for months, amid speculation over potential buyers
By Shane McGinley
Wed 02 Feb 2011 06:26 PM

Abu Dhabi state-owned fund Aabar Investments has not made an
offer for Italian football club AS Roma and has no plans to do so, it said on
Wednesday.

The indebted Roma club has been on the market for months
with creditor bank Unicredit and owners the Sensi family now close to deciding
who to sell it to.

There has been speculation about a number of offers for the
club, including a bid from Aaber.

But the Abu Dhabi government investment vehicle called those
reports "unfounded."

"I can confirm that the recent talks and press
speculation about Aabar's interest to buy AS Roma are unfounded," Aabar chief
executive Mohamed Al-Husseiny said in a statement.

"Aabar has not submitted a bid to acquire Roma and does
not intend to do so in the future."

Aabar, whose portfolio includes stakes in Italian banking
giant UniCredit and Virgin Group's space travel unit Galactic, said it had not
taken part in the auction bid process.

"Aabar ... wishes to distance itself from such rumours,
also in the interest of a proper and fair auction sale process of the Italian
football club," the statement said.

A US consortium led by Thomas DiBenedetto and Italian
businessman Giampaolo Angelucci have also been linked with offers for the club.

International Petroleum Investment Corporation, or IPIC,
wholly owned by the government of Abu Dhabi, is the majority shareholder in
Aabar.

 

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