Saturday 11 April 2009

Aabar will not buy more Daimler, Opel shares

Abu Dhabi's government-linked investment fund Aabar does not plan to buy either further shares in Daimler or a stake in Opel, a spokesman for Aabar said.

Asked by Reuters about a report yesterday that Aabar was raising its stake in Daimler, the spokesman said: "We are not."

Germany's Focus magazine said Abu Dhabi was in talks to raise its Daimler stake from 9.1 per cent now to more than 20 per cent. It also said Aabar had no plans to invest in Opel, brushing off speculation the fund could make a white-knight appearance.

1 comment:

  1. Wonder what Opel's cash position is like... See Daimler's from recently.
    Not shown here

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