http://www2.irna.ir/en/news/view/menu-239/0808094963181502.htm
Abu Dhabi Investment Authority aims for Daimler shares
Germany-Abu Dhabi-Daimler
The world's largest sovereign wealth fund with an estimated 500 million euros,
the Abu Dhabi Investment Authority (ADIA), is interested in purchasing a large
share of German automaker Daimler, the Munich-based Focus news magazine said
Saturday.
It cited company circles as saying Daimler Chief Executive Dieter Zetsche who
had voiced concern over hostile attacks by private equity investors, had
already signalled his approval for the plan.
Talks between Daimler and the ADIA representatives have reportedly already
begun.
Reacting to the Focus report, a Daimler spokesperson said, "We do not comment
on potential investors when their holdings are below disclosure levels."
Meanwhile, Daimler's only major shareholder, Kuwait plans to increase its stake
in the company beyond the present 7.6 percent.
Established in 1976, ADIA's main funding source is from a financial surplus
from oil exports, specifically from the Abu Dhabi National Oil Company (ADNOC)
and its subsidiaries which pay a dividend to help fund ADIA and its sister fund
Abu Dhabi Investment Council (ADIC).
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