Daimler Increases Middle East Ownership

Around 16% of Daimler AG will be owned by Middle East investors once a deal to sell a 9.1% stake to Abu Dhabi-based Aabar Investments is finalised. Aabar will become the firm's largest shareholder under the EUR1.95bn (US$2.66bn) deal, passing Kuwait, which will have its share reduced from 7.6% to 6.9%. Aabar Investments is owned by the International Petroleum Investment Company (IPIC), which in turn is owned by the Abu Dhabi

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