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Mon 12 Jul 2010 03:32 AM

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Abu Dhabi's Aabar invests $54m in two funds

Company invested $34.5m in Blue Orchard private equity fund and $19.8m in Oasis fund.

Abu Dhabi's Aabar invests $54m in two funds
INVESTMENT FUNDS: Abu Dhabis Aabar invested $54.2m in two Luxembourg registered investment funds. (Getty Images)

Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, on Sunday said it invested $54.2 million in two investment funds registered in Luxembourg.

Aabar has invested $34.5 million in Blue Orchard private equity fund and $19.8 million in Oasis Fund, it said in a statement to the Abu Dhabi bourse.

The state owned investment vehicle surprised investors last month when it announced it was considering delisting from the Abu Dhabi bourse and converting to a private joint stock company.

Company officials could not be immediately contacted for more details. (Reuters)

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