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Article: Abu Dhabi spends $328 million to acquire stake in Brazilian bank.
- Article from:
- The Daily Star (Beirut, Lebanon)
- Article date:
- October 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Summary:
The Abu Dhabi investment fund with the biggest stake in Mercedes-Benz said Sunday it has spent $328 million for a piece of a Brazilian bank recently floated by Spanish financial giant Banco Santander. AaAabar Investments' deal - the latest in a string of big bets by the fund this year - is another sign that Gulf governments are regaining their appetite for fresh investments and have plenty of cash left to spend despite the economic downturn.
Adam SchreckAa
Associated PressAa
Aa
DUBAI: The Abu Dhabi investment fund with the biggest stake in Mercedes-Benz said Sunday it has spent $328 million for a piece of a Brazilian bank ...
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