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Author Topic: Aabar Invests in Daimler  (Read 978 times)

Offline cosworth151

Aabar Invests in Daimler
« on: March 23, 2009, 12:44:31 PM »
Aabar Investments, an Abu Dhabi-based investment fund, is now Daimler's largest stockholder. Aabar Investments, an investment vehicle for International Petroleum Investment Co., is a sovereign wealth fund controlled by Mansour bin Zayed al-Nahyan. They are reportedly paying  $2.7 billion (£1.87 billion) for a 9.1% stake in the German carmaker.

Al-Nahyan bought the Manchester City soccer team last September for $300 million (£208 million)and put $5 billion (£.47 billion) into Barclays Bank a month later.
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