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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Abu Dhabi fund sells last of Daimler stake

Posted on 12 October 2012

Abu Dhabi’s sovereign wealth fund Aabar sold its remaining 3.07 percent stake in Daimler worth about 1.25 billion euros ($1.6 billion) on Oct. 5, the German carmaker said in a regulatory filing on Thursday.
The move, widely expected for some time, could heighten pressure on Daimler Chief Executive Dieter Zetsche, who has had to fight off calls from some investors to sell or spin off the group’s commercial trucks business to concentrate on its underperforming flagship, the luxury car brand Mercedes-Benz………………………………………..Full Article: Source

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