Abu Dhabi’s Aabar Investments spent $2.7 billion buying 9.1 percent of Daimler in 2009. At the time, Aabar said it was “excited by the commercial potential of our partnership,” both companies said it was a long-term investment and spoke of joint ventures, and Mercedes-Benz committed to building a training center in the emirate. Aabar then bought a share of Daimler’s stake in Tesla, and later that year said it wanted to take its Daimler stake to 15 percent.
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Turns out three years counts for long term these days, because a story first reported in Germany’s Manager Magazin indicates the fund wants to cash out.
Full story: Autoblog
