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Aabar rules out plans to up Daimler stake

13 February 2010

Mohamed Badawy al-Husseiny, CEO of Aabar Investments has ruled out plans to increase its stake in Daimler AG, Bloomberg has reported. "We look at opportunities as they present themselves," he said. Al-Husseiny also said the company is not looking at any specific acquisitions this year and does not need to raise funds for its recently announced $20m investment in US aviation firm Xojet, he said.

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