Abu Dhabi is to exit its investment in Daimler, according to a German magazine.
The Gulf state’s investment fund Aabar is currently discussing ways of disposing of its remaining stake after having cut its holding to 3% from 9%, manager magazin said, citing company sources, according to Reuters.
Oil-rich Abu Dhabi, which accounts for more than half of the UAE’s economy, is reviewing its overseas investment portfolio as part of measures to instill more discipline in dealmaking among its investment firms, the news agency noted.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
