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FINANCIAL NEWS
Daimler to acquire Aabar’s holding in Mercedes Grand Prix
20 Nov 2012
(MENAFN) International Petroleum Investment Co., the parent company of Aabar Investments PJSC, stated that its subsidiary will sell its stake in Mercedes-Benz’ Formula One racing team to Daimler AG, reported Gulf News.
The company said that the deal still needs to gain approval from German and Italian antitrust authorities.
It added that the stake in Mercedes Grand Prix Ltd. will be acquired by Daimler UK Ltd.
In March 2009, the Abu Dhabi sovereign-wealth fund acquired a 9-percent stake in Mercedes, and as part of that partnership, the company obtained 40 percent of the Mercedes Formula One team.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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