Abu Dhabi sovereign wealth fund Aabar Investments appeared to cut its stake in Daimler (DAIGn.DE) nearly in half in July, dropping just below the 5 percent threshold only to now say that the cause was a legal technicality.
According to a regulatory disclosure by the German carmaker, Aabar informed Daimler earlier on Tuesday that it owned barely less than 5 percent of the company's stock on July 8.
A spokeswoman for Aabar declined to say why Daimler was not informed earlier of the move.
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