Aabar Investments

Aabar Investments PJS (Arabic آبار للاستثمارات, DMG Abar li - l - istiṯmārāt; formerly Aabar Investments PJSC ) is an investment company based in Abu Dhabi, the capital of the United Arab Emirates.

History

In March 2005, the two sovereign wealth fund Abu Dhabi Investment Authority ( ADIA ) and Mubadala Development Company (MDC ) and the oil executives Faris Suhail Mazroui founded the holding company Aabar Energy PJSC, which should first invest in the oil and gas industry. The IPO Aabar Energy PJSC could save about 250 million dollars.

In July 2005, the Dalma Energy was acquired for 100 million U.S. dollars. In early 2006, the Pearl Energy was acquired for 550 million U.S. dollars. For an Islamic bond ( sukuk ) over millions of U.S. dollars was launched. Dalma Energy concluded in early 2007 from an oil production contract with Algeria and began oil production in Indonesia.

In July 2007, Dalma Energy was up to 446 million U.S. dollars and in May 2008 Pearl Energy was sold for 833 million euros to the state fund Mubadala Development Company. Then Abar Energy was renamed to Aabar Investments PJSC.

On 24 September 2008, Aabar Energy PJSC and IPIC International Petroleum Investment Company entered into a purchase agreement, according to which IPIC Wandelanleihes (English mandatory convertible bonds) over 6,684 million AED acquires (about 1,406.3 million EUR ). After conversion of 15 February 2009 to 23 March 2009, IPIC now holds 71 per cent stake in Aabar Investments PJSC.

Investments in the automotive industry and motor sports

In the wake of the financial crisis Aabar acquired in March 2009 for 1.95 billion euro share of 9.1 percent in Daimler AG. As part of this strategic partnership through a stake was made on Mercedes AMG F1 Team. In July 2009, Aabar purchased as part of a strategic partnership between Daimler AG 40 % of its 10 % stake in Tesla Motors. In June 2012, Aabar withdrew at the request of Daimler from the joint venture with Tesla. In October 2012, Daimler announced that Aabar no physical shares more hold, but only access rights to documents; the current major shareholder were " Cash-Settled Options" attributable to 12.75 percent of Daimler shares. In November 2012, Aabar sold its 40 % stake in the Mercedes AMG F1 Team at Daimler.

Investments in European financial services companies

On 25 June 2010, Aabar announced that they owned through its 100% subsidiary Aabar Luxembourg Sarl 4.99% has purchased at the Unicredit Group. Aabar is the owner of Falcon Private Bank in Zurich, which is involved among other things, the bank's two plus.

Holdings in the commodity segment

In May 2011, Aabar involved in the IPO of Swiss commodities group Glencore International and became its largest single shareholder. In November 2012 it was announced that Aabar has written off more than $ 392 million of the 1- billion - dollar investments.

Promotional partnerships

Since September 2011, Niki Lauda is brand ambassador of Aabar and carries the company logo on his cap.