The Emir of Abu Dhabi is tired of the car business. Germany’s Spiegel Magazin heard that Abu Dhabi’s sovereign wealth fund Aabar wants to sell all stock in Daimler. Aabar also wants out of Daimler’s Formula 1 team and the joint investment in Tesla.
Both Daimler and the funds have no comment on the matter. However, both the Wall Street Journal and Reuters received confirmation from their sources.
The sheikhs had bought 9 percent of Daimler AG in March 2009, which made Abu Dhabi Daimler’s largest shareholder. That engagement is now down to 3 percent. Both share 7.8 percent of Tesla’s stock 60 (Daimler) to 40 (Abu Dhabi). Abu Dhabi National Energy held 7 percent of Tesla, and has already sold it.
A look at Daimler’s chart says that it is a good time to sell. The Sheikhs approximately doubled their money in Daimler. Reuters thinks they cleared 2 billion euro ($2.6 billion.)
Did you mean that *Aabar* “wants out of Daimler’s Formula 1 team and the joint investment in Tesla?”
Thank you
I wonder how much of those capital gains are headed to the Taliban.
I think you will find that the Emir (and UAE in general) are quite far from the Wahhabi hardliners of Saudi Arabia.
A look at Daimler’s chart says that it is a good time to sell. The Sheikhs approximately doubled their money in Daimler. Reuters thinks they cleared 2 billion euro ($2.6 billion.)
What else can u double in ~ 3yrs?
Then again if keep riding on it, will it gain more mulla?
What else be a better investment than parking the mulla at Daimler garage?
With Mercedes’ Formula One team getting their first win last week, getting someone to pick up where Aabar wants out won’t be hard.
Current information you get here http://www.finanznachrichten.de/nachrichten-aktien/daimler-ag.htm