Abu Dhabi: Aabar invests $54m in Luxembourg funds

Jul 2010
Abu Dhabi, July, 11 2010 - Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, on Sunday said it has invested $54.2 million in two investment funds registered in Luxembourg.

Aabar has invested $34.5 million in Blue Orchard private equity fund and $19.8 million in Oasis Fund, it said in a statement to the Abu Dhabi bourse.

The state-owned investment vehicle surprised investors last month when it announced it was considering delisting from the Abu-Dhabi bourse and converting to a private joint stock company. Company officials could not be immediately contacted for more details.

Source : Trade Arabia

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