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Aabar Plans Joint Deals With Glencore

Aabar Investments is planning joint investments with Glencore.

Aabar Investments is planning joint investments with Glencore,Financial Times reports. The Abu Dhabi sovereign wealth fund now owns a 1.4% stake in Glencore after the commodity trader’s listing last month.

Aabar Investmentshas not specified any project right now for the joint investment. The investment in Glencore is part of a strategy similar to one it had followed with German car manufacturer Daimler, in which it owns a 9% share.

Click here for the story from Financial Times.

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