Wed, Oct 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Aabar pulls out of Daimler investment in Tesla

Posted on 02 July 2012

AabarAbu Dhabi’s Aabar took a step towards exiting its investment in electric car maker Tesla after partner Daimler confirmed it transferred direct control of a 3.1 percent stake in Tesla back to the sovereign wealth fund. One person familiar with the situation said that Aabar would likely cash in on its stake, bought together with Daimler before Tesla went public.
“Daimler was informed very early and at their request we transferred their part of the jointly held stake in Tesla back to them,” a spokesman for the company said on Wednesday, confirming news reports earlier this week………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 14997 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031