Abu Dhabi National Energy Co TAQA.AD (TAQA) sold its 7-percent stake in electric carmarker Tesla Motors Inc (TSLA.O) on the stock market, booking a profit of $113 million, the state-owned energy and utility firm said on Sunday.
TAQA, which is 75-percent owned by the government of Abu Dhabi, did not disclose how much it received for the shares.
"We sold all 7,297,139 shares that we held after these were transferred to us from Abu Dhabi Water and Electricity Authority in December 2010. This represents roughly 7 percent of all Tesla Motor shares," said TAQA spokesman Allan Virtanen.
No comments:
Post a Comment