19 Oct 2011
(MENAFN) Aabar Investments said that it increased its stake in Virgin Galactic in July from 31.8 percent to 37.8 percent through investing further USD110 million, reported Gulf News.
The company added that two years ago, Aabar and Virgin Group inked strategic partnership deal under which the UAE company would pay USD280 million for a 31.8 percent stake in Virgin Galactic’s holding company.
It also said that the acquisition, which was completed last year, valued the business at around USD900 million.
It is worth noting that Aabar is owned by Abu Dhabi’s International Petroleum Investment Co (Ipic), whereas Virgin Galactic is Virgin Group’s commercial space line.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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