Middle East Economic Survey

VOL. LII

No 13

30-Mar-2009

UAE

Aabar Investments Acquires Stake In Germanys Daimler

Aabar Investments, a state investment fund in Abu Dhabi, is to buy a 9.1% stake in Daimler, the German industrial group which makes Mercedes-Benz cars. Abu Dhabis wholly-owned International Petroleum Investments Company (IPIC) is the largest stake holder in Aabar Investments, which will pay 1.95bn to subscribe to a capital increase of 10%. Existing shareholders are excluded from...