Abu Dhabi’s Goldilocks buys into Gulf Navigation

Goldilocks Investment, part of Abu Dhabi Financial Group (ADFG), has bought an 18.32% stake in Dubai-listed chemical tanker operator Gulf Navigation Holding, its latest acquisition in a struggling shipping entity.

“Goldilocks will be actively collaborating with the management and the board of Gulf Navigation in order to drive an enhanced business performance,” it said.

Goldilocks is also a major investor in Noble Group, the embattled Hong Kong commodities trading house.