Aabar Investments PJSC sold voting stake in Daimler, Bloomberg reports

theflyonthewall.com

The Abu Dhabi sovereign-wealth fund Aabar Investments PJSC has sold its remaining voting stake in Daimler AG (DDAIF) following the luxury car manufacturer prediction that the European auto-market contraction will hurt profit at its main brand, reports Bloomberg. The fund sold its 3.1% holding, and retains 12.75% indirect voting rights through financial instruments, according to Daimler.

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