A company owned by the Abu Dhabi government is planning to pay about 2 billion euro ($2.72 billion) to acquire a 9.1 percent share in Daimler, the German automaker that owns Mercedes-Benz . Abu Dhabi’s state-owned Aabar Investment PJSC received a $1.41 billion government push that it says will enable it to become Daimler’s biggest individual shareholder.
The automaker already has received substantial investment from another Middle Eastern state, Kuwait, which owns nearly 7 percent of Daimler.
Aabar will purchase 96.4 million shares of Daimler at a discounted price of 21.34 euros.
