Aabar in $800m loan agreement

23 May 2010

UAE-based Aabar Investments said it has entered into an $800m loan agreement with local and international lenders. International Petroleum Investment Co, wholly-owned by the government of Abu Dhabi, is the majority shareholder in Abu Dhabi-listed Aabar, which has stakes in Daimler and Virgin Galactic. The club loan is for three years and will be used for general and corporate purposes, Aabar said in a statement.

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