Daimler
From Taighde
Daimler is a car manufacturer based in Germany. Two sovereign wealth funds and one state-owned fund hold stakes in the company.
The Kuwait Investment Authority has held a stake in the company since 1969. The KIA currently holds 5.33% as of April 22, 2010. The KIA did hold a 7.60% stake in the company before Daimler issued temporary stock. The KIA expects their stake to go back to normal when Daimler retracts the temporary stock.
Aabar Investments, majority owned by the International Petroleum Investment Company (IPIC), bought a 9.1% stake in Daimler in March 2009 for €1.95 billion. Daimler increased its share capital to allow this investment. It paid €20.27 a share, which was a discount from the previous day closing price of €21.55. Daimler issued 96.4 million new shares.
On April 20, 2009, the CEO of Daimler said that the company was in talks with the China Investment Corporation for a possible investment. [1] Talks appeared to have died.
The Government Pension Fund of Norway held a 2.06% stake in the company as of December 31, 2009. The stake is valued at $1,164,661,887.
| Date | Ownership | Voting | Value |
|---|---|---|---|
| December 31, 2009 | 2.06% | 2.06% | $1,164,661,887 |
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