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US: Daimler unit cuts Tesla holding

Daimler's affiliate Blackstar Invest has reduced its shareholding in Tesla Motors, transferring 3.25 million shares (40% of its stake) to Aabar Investment PJSC, reports Bloomberg. Aabar Investment is a sovereign-wealth fund based in Abu Dhabi and one of Daimler’s largest investor. According to the report, citing a regulatory filing, Daimler retains It’s time to log … Continued

Daimler's affiliate Blackstar Invest has reduced its shareholding in Tesla Motors, transferring 3.25 million shares (40% of its stake) to Aabar Investment PJSC, reports Bloomberg. Aabar Investment is a sovereign-wealth fund based in Abu Dhabi and one of Daimler’s largest investor.

According to the report, citing a regulatory filing, Daimler retains

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