Abu Dhabi-based Aabar Investments PJSC is paying EUR1.95bn (USD2.6bn) to acquire a 9.1% stake in German carmaker Daimler. If approved, Aabar will become Daimler’s largest stakeholder. The pair will cooperate on the development of electric vehicles, new materials for the car industry and a training centre in Abu Dhabi.
The investment will stabilise Daimler’s balance sheet following a EUR1.9bn (USD2.6bn) net loss last year.
StrategyEye's related categories: Traditional Vehicle Manufacturers
StrategyEye's related companies: Aabar Investments PJSC, Daimler AG
