Aabar Investments acquires a stake in Daimler
March 23rd, 2009 Leave a comment Visited 25 times, 1 so far today
Aabar Investments acquires a stake in Daimler
Mercedes Benz maker Daimler has announced that they are selling a stake in the company to the Abu Dhabi state investment fund Aabar Investments.
Aabar Investments has invested 1.95 billion euros in the company to get a 9.1% stake.
The deal is likely to be approved at the annual shareholders meeting next month.
Daimler chairman Dieter Zetsche spoke about this new development: “We are delighted to welcome Aabar as a new major shareholder that is supportive of our corporate strategy. We look forward to working together to pursue joint strategic initiatives.”
Aabar chairman Khadem Al Qubaisi had this to say: “Daimler is an iconic brand and a financially strong company with a reputation for excellence worldwide.”
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