Monday, 15 November 2010

Abu Dhabi's Aabar eyes US$2.7 billion European deals - bi-me.com

Abu Dhabi's fastest growing investment fund Aabar is eyeing three European deals worth €2 billion (US$2.74 billion) after selling its stake in Banco Santander's Brazil unit, its chairman said in remarks published on Monday.

Aabar, which recently delisted from the Abu Dhabi Securities Market (ADX), is looking at two infrastructure investments in Europe valued at between €500 million and € 1 billion, Khadem al-Qubaisi told the Financial Times.

Aabar is also considering buying a "small stake" in a blue-chip telecoms company in Europe or the United States that could be worth 1.95 billion euros, he told the paper.

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