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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Investment

Tesla stake for Abu Dhabi’s sovereign fund

Posted on 14 July 2009

From Thedeal.com: Oil-rich Abu Dhabi is increasing its commitment to the cleantech market via its sovereign wealth fund, Aabar Investments.

Aabar has announced the purchase of a stake in high-end electric carmaker Tesla Motors Inc. Aabar bought the 4% holding from Daimler AG, which still holds about 6%. Terms were not disclosed, but Daimler paid about $50 million for a 10% stake in May………Full Article (Subscription Required): Source


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