Aabar's disposal of its stake in Daimler (DAIGn.DE) early this month was triggered by a failed derivatives deal underpinning the Abu Dhabi investment firm's purchase of the shares, sources familiar with the matter said.
Last Thursday, the German carmaker said Aabar sold its 3.07 percent stake on October 5, when it had a market value of about 1.25 billion euros ($1.6 billion). Aabar did not reveal the buyer nor the price at which the stake was sold.
However, four sources familiar with the matter told Reuters that rather than selling the stake, Aabar had relinquished it to banks including Deutsche Bank (DBKGn.DE) and Goldman Sachs (GS.N) after failing to finance the derivatives deals.
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