Aabar offloads 3% Daimler stake
- United Arab Emirates: Saturday, October 13 - 2012 at 01:57
Daimler has announced Abu Dhabi's sovereign wealth fund Aabar has sold its remaining 3.07% stake in the German carmaker worth about €1.25bn ($1.6bn) on October 5, Reuters has reported. "Aabar realigned its investment in Daimler and we of course respect that," a spokesman for the carmaker said. "We continue to be very pleased with our current shareholder structure," he added, pointing for example to the recent increase in Kuwait's stake to 7.6% from a previous 6.9%.
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