Abu Dhabi Selling Daimler Stake?

Abu Dhabi sovereign wealth fund Aabar Investments is transferring its remaining 3% stake in Daimler to Deutsche Bank, according to Manager Magazin reports.

The German magazine, which cites unidentified Daimler sources, reported in April that Aabar aimed to sell its holdings in the carmaker.

Aabar became Daimler's largest stockholder when it acquired a 9.1% stake for nearly €2 billion in March 2009. The fund distributed all but 3% of the shares to the lenders that financed that purchase.