Aabar’s Voting Rights In Daimler Fall To 5%

Abu Dhabi’sAabar Automotives’ voting rights in duty trucks manufacturerDaimlerhave fallen below 5 percent,Reutersreports. Aabar, which previously owned 96.408 million of Daimler shares accounting for 9.04 percent of Daimler's share capital, now holds 53.298 million Daimler shares.

Aabar will retain the right to redelivery of a further 43.109 million Daimler shares, the control of which Aabar has transferred through stock lending to fund its original purchase of Daimler shares. The passing of the 5 percent notification threshold was due to an increase in Daimler’s share capital as a result of the exercise of stock options and not due to a permanent divestiture of Daimler shares by Aabar.

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