When rumors surfaced earlier this year regarding the desire of Abu Dhabi's Aabar Investments to completely shed its stake in Daimler, no one knew why and neither party would comment. The Middle Eastern investment firm took a 9.1-percent stake in Daimler in 2009, had dropped that to 3.1 percent earlier this year, then got rid of the remainder in October. Part of that original deal in 2009 was a 40-percent share in the Mercedes Formula One team, and Reuters has reported that Daimler just bought th
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.