Aabar looks to raise Daimler stake

Khadem Abdulla Al-Qubaisi, Chairman of Abu Dhabi's Aabar Investments has said that the firm is in talks with Germany's Daimler AG to raise its stake to 15% from 9.1%, Bloomberg has reported. The timing of a stake increase will depend on the stock price, he said. Daimler's shares have surged 77% from the EUR 20.27 per-share price Aabar paid in March, giving the fund a gain of some EUR 1.5bn.

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