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 Investments has 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.
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