Aabar Gets More Exposure to Tesla Motors

Blackstar InvestCo LLC which is 60% owned by Daimler North America Corporation and 40% owned by Aabar Blackstar Holdings GmbH which in turn is ultimately owned by Aabar Investments moved 3.245 million Tesla shares to Aabar Investments. This is around 40% of its stake that was shifted which was in connection with the redemption by Blackstar of all of Aabar’s membership interest in Blackstar. Aabar Investments, owned by Abu Dhabi’s IPIC, is a major Daimler investor. Blackstar InvestCo LLC remains number three owner of Tesla Motors with Elon Musk and Fidelity Investments taking the top slots.

Daimler AG has been an investor in Tesla Motors to help keep the company going after a difficult time in 2008. Tesla Motors recently inked a deal to supply components for a new electric Mercedes-Benz model.

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute

institutional investor investment mandates