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Tags: ML | Abu | Dhabi | Investment | Fund

Abu Dhabi Investment Fund Looks to Go Private

Monday, 21 June 2010 08:46 AM

The Abu Dhabi state investment fund with the biggest stake in the maker of Mercedes-Benz says it is considering taking itself private.

Aabar Investments said in a regulatory disclosure Monday its board will meet later in the week to consider canceling its listing on the Abu Dhabi stock exchange and convert itself into a privately held company.

Aabar is unusual among Gulf state investment funds in that it sells some shares to the public.

It is majority owned by the oil-rich government of Abu Dhabi, the largest of seven sheikdoms that make up the United Arab Emirates.

It owns 9.1 percent of Daimler and nearly a third of Richard Branson's commercial space travel startup Virgin Galactic.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
The Abu Dhabi state investment fund with the biggest stake in the maker of Mercedes-Benz says it is considering taking itself private.Aabar Investments said in a regulatory disclosure Monday its board will meet later in the week to consider canceling its listing on the Abu...
ML,Abu,Dhabi,Investment,Fund
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2010-46-21
Monday, 21 June 2010 08:46 AM
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