Abu Dhabi’s Aabar Investments to become
a major Daimler shareholder
•
Daimler increases share capital by 10% with exclusion of
subscription rights of existing shareholders
•
After acquiring all new shares, Aabar will hold 9.1% of the new
share capital
•
Issue price of €20.27 per share close to the current market price
•
Total investment of €1.95 billion further strengthens Daimler’s
sound capital base and offers additional flexibility to invest in new
automotive technologies
•
Platform for joint strategic initiatives established
•
Dr. Dieter Zetsche, Chairman of the Board of Management of
Daimler AG: “We are delighted to welcome Aabar as a new major
shareholder that is supportive of our corporate strategy. We look
forward to working together to pursue joint strategic initiatives.”
•
HE Khadem Al Qubaisi, Chairman of Aabar: “Daimler is an
iconic brand and a financially strong company with a reputation
for excellence worldwide. We are delighted to having received the
opportunity to be making this investment.”
Press Information
Date:
March 22, 2009
Daimler Communications, 70546 Stuttgart/Germany
Page 2
Stuttgart – Daimler AG (stock-exchange abbreviation DAI) welcomes
Aabar Investments PJSC (Aabar) of Abu Dhabi, as a major investor.
Daimler increases the share capital by approx. 10% with exclusion of
subscription rights of existing shareholders. After acquiring all new
shares, Aabar will hold approx. 9.1% of the new share capital. The
capital increase was approved by Daimler’s Supervisory Board today.
Aabar is an investment company headquartered in Abu Dhabi and is
listed on the Abu Dhabi Securities Exchange. It directly invests in
various sectors including energy, infrastructure, real estate, automotive
and financial services companies. Its largest stakeholder is the
International Petroleum Investment Company (IPIC), which in turn is
wholly owned by the Government of the Emirate of Abu Dhabi.
The capital increase will be carried out by issuing 96,408,000 new
registered no par value shares of Daimler’s Authorised Capital
approved by the Annual Shareholders´ Meeting of April 9, 2008 in
exchange for cash contributions. Existing shareholders’ rights to
subscribe to these new shares are excluded. The issue price of the
shares is €20.27 per share, resulting in an equity contribution for
Daimler of €1.95 billion.
Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler
AG and Head of Mercedes-Benz Cars: “We are delighted to welcome
Aabar as a new major shareholder that is supportive of our corporate
strategy. We look forward to working together to pursue joint strategic
initiatives.”
Khadem Al Qubaisi, Chairman Aabar: “Daimler is an iconic brand and
a financially strong company with a reputation for excellence
worldwide. We are delighted to have the opportunity to make this
Daimler Communications, 70546 Stuttgart/Germany
Page 3
investment and are excited by the commercial potential of our
partnership. We believe that our future cooperation will be beneficial
for Aabar and create social and economic benefits for Abu Dhabi and
the United Arab Emirates. We look forward to working with Daimler
to fully realize these opportunities.”
The future cooperation will focus on joint initiatives in the following
areas:
•
Electric vehicles with a particular focus on projects aiming at the
reduction of CO2-emissions
•
Development and/or production of innovative compound materials to
be used in automotive manufacturing
•
Social projects such as the establishment of a training centre in Abu
Dhabi to educate young talent for positions in the automotive industry
The cash inflow from the capital increase of €1.95 billion will further
improve Daimler’s sound financial position. At the end of 2008, the
equity ratio of Daimler’s industrial business was 42.7% and the equity
ratio of the entire Daimler Group was 24.3%.
The investment complements a broad range of initiatives already
undertaken by Daimler to react to the changing market environment,
further strengthens its solid capital base and gives even greater
flexibility to invest in innovative automotive technologies during a
period of economic uncertainty and macroeconomic instability.
With Abu Dhabi and Kuwait, Daimler will have two major
shareholders in the future. Kuwait has held an equity interest since
Daimler Communications, 70546 Stuttgart/Germany
Page 4
1974. Following the capital increase, the equity interest held by
Kuwait will amount to 6.9%.
Further information from Daimler is available at
This document contains forward-looking statements that reflect our current views about
future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,”
“may,” “plan,” “project,” “should” and similar expressions are used to identify forwardlooking
statements. These statements are subject to many risks and uncertainties, including
a lack of improvement or a further deterioration of global economic conditions; a
continuation or worsening of the turmoil in the credit and financial markets, which could
result in ongoing high borrowing costs or limit our funding flexibility; changes in currency
exchange rates and interest rates; the introduction of competing, fuel efficient products and
the possible lack of acceptance of our products or services which may limit our ability to
adequately utilize our production capacities or raise prices; price increases in fuel, raw
materials, and precious metals; disruption of production due to shortages of materials, labor
strikes, or supplier insolvencies; a further decline in resale prices of used vehicles; the
effective implementation of cost reduction and efficiency optimization programs at all of
our segments, including the repositioning of our truck activities in the NAFTA region; the
business outlook of Chrysler, in which we hold an equity interest and some of whose
obligations we have guaranteed; the business outlook of companies in which we hold an
equity interest, most notably EADS; changes in laws, regulations and government policies,
particularly those relating to vehicle emissions, fuel economy and safety, the resolution of
pending governmental investigations and the outcome of pending or threatened future legal
proceedings; and other risks and uncertainties, some of which we describe under the
heading “Risk Report” in Daimler’s most recent Annual Report and under the headings
“Risk Factors” and “Legal Proceedings” in Daimler’s most recent Annual Report on Form
20-F filed with the Securities and Exchange Commission. If any of these risks and
uncertainties materialize, or if the assumptions underlying any of our forward-looking
statements prove incorrect, then our actual results may be materially different from those we
express or imply by such statements. We do not intend or assume any obligation to update
these forward-looking statements. Any forward-looking statement speaks only as of the date
on which it is made.
About Daimler
Daimler AG, Stuttgart, with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler
Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer
of premium passenger cars and the largest manufacturer of heavy- and medium-duty trucks
Daimler Communications, 70546 Stuttgart/Germany
Page 5
in the world. The Daimler Financial Services division has a broad offering of financial
services, including vehicle financing, leasing, insurance and fleet management. Daimler
sells its products in nearly all the countries of the world and has production facilities on five
continents. The company’s founders, Gottlieb Daimler and Carl Benz, continued to make
automotive history following their invention of the automobile in 1886. As an automotive
pioneer, Daimler and its employees willingly accept an obligation to act responsibly
towards society and the environment and to shape the future of safe and sustainable
mobility with groundbreaking technologies and high-quality products. The current brand
portfolio includes the world’s most valuable automobile brand, Mercedes-Benz, as well as
smart, AMG, Maybach, Freightliner, Sterling, Western Star, Mitsubishi Fuso, Setra, Orion
and Thomas Built Buses. The company is listed on the stock exchanges in Frankfurt, New
York and Stuttgart (stock exchange abbreviation DAI). In 2008, the Group sold 2.1 million
vehicles and employed a workforce of over 270,000 people; revenue totaled €95.9 billion
and EBIT amounted to €2.7 billion. Daimler is an automotive Group with a commitment to
excellence, and aims to achieve sustainable growth and industry-leading profitability.
About Aabar
Aabar is an investment company headquartered in Abu Dhabi and is listed on the Abu
Dhabi Securities Exchange. It directly invests in various sectors including energy,
infrastructure, real estate, automotive and financial services companies. Its largest
stakeholder is the International Petroleum Investment Company (IPIC), which in turn is
wholly owned by the Government of the Emirate of Abu Dhabi.
About IPIC
International Petroleum Investment Company (“IPIC”) is wholly owned by the Government
of the Emirate of Abu Dhabi. It was established in 1984 with a mandate to invest in the
hydrocarbons and related sectors. IPIC’s investment portfolio is currently estimated to be
worth more than US$14 billion, with stakes in many international companies.
السلام عليكم ورحمة الله وبركاته
تفضلوا قنبلة الموسم :
http://file12.9q9q.net/Download/3642…ar09-.pdf.html
ياليت حد يترجم الخبر بإختصار شديد
مشكور يا بروكر… شفت الخبر على قناة العربية… وان شاء الله يكون الخبر إيجابي على السهم..
Thomas Fröhlich (Daimler) +49 (0) 711-17-41361
Ben Burton (Aabar) +44 (0) 7801 077 638
Dirk-Arne Walckhoff +49 (0) 178-45 95 117
a major Daimler shareholder
subscription rights of existing shareholders
share capital
sound capital base and offers additional flexibility to invest in new
automotive technologies
Daimler AG: “We are delighted to welcome Aabar as a new major
shareholder that is supportive of our corporate strategy. We look
forward to working together to pursue joint strategic initiatives.”
iconic brand and a financially strong company with a reputation
for excellence worldwide. We are delighted to having received the
opportunity to be making this investment.”
Press Information
March 22, 2009
Stuttgart – Daimler AG (stock-exchange abbreviation DAI) welcomes
Aabar Investments PJSC (Aabar) of Abu Dhabi, as a major investor.
Daimler increases the share capital by approx. 10% with exclusion of
subscription rights of existing shareholders. After acquiring all new
shares, Aabar will hold approx. 9.1% of the new share capital. The
capital increase was approved by Daimler’s Supervisory Board today.
Aabar is an investment company headquartered in Abu Dhabi and is
listed on the Abu Dhabi Securities Exchange. It directly invests in
various sectors including energy, infrastructure, real estate, automotive
and financial services companies. Its largest stakeholder is the
International Petroleum Investment Company (IPIC), which in turn is
wholly owned by the Government of the Emirate of Abu Dhabi.
The capital increase will be carried out by issuing 96,408,000 new
registered no par value shares of Daimler’s Authorised Capital
approved by the Annual Shareholders´ Meeting of April 9, 2008 in
exchange for cash contributions. Existing shareholders’ rights to
subscribe to these new shares are excluded. The issue price of the
shares is €20.27 per share, resulting in an equity contribution for
Daimler of €1.95 billion.
Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler
AG and Head of Mercedes-Benz Cars: “We are delighted to welcome
Aabar as a new major shareholder that is supportive of our corporate
strategy. We look forward to working together to pursue joint strategic
initiatives.”
Khadem Al Qubaisi, Chairman Aabar: “Daimler is an iconic brand and
a financially strong company with a reputation for excellence
worldwide. We are delighted to have the opportunity to make this
investment and are excited by the commercial potential of our
partnership. We believe that our future cooperation will be beneficial
for Aabar and create social and economic benefits for Abu Dhabi and
the United Arab Emirates. We look forward to working with Daimler
to fully realize these opportunities.”
The future cooperation will focus on joint initiatives in the following
areas:
reduction of CO2-emissions
be used in automotive manufacturing
Dhabi to educate young talent for positions in the automotive industry
The cash inflow from the capital increase of €1.95 billion will further
improve Daimler’s sound financial position. At the end of 2008, the
equity ratio of Daimler’s industrial business was 42.7% and the equity
ratio of the entire Daimler Group was 24.3%.
The investment complements a broad range of initiatives already
undertaken by Daimler to react to the changing market environment,
further strengthens its solid capital base and gives even greater
flexibility to invest in innovative automotive technologies during a
period of economic uncertainty and macroeconomic instability.
With Abu Dhabi and Kuwait, Daimler will have two major
shareholders in the future. Kuwait has held an equity interest since
1974. Following the capital increase, the equity interest held by
Kuwait will amount to 6.9%.
Further information from Daimler is available at
future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,”
“may,” “plan,” “project,” “should” and similar expressions are used to identify forwardlooking
statements. These statements are subject to many risks and uncertainties, including
a lack of improvement or a further deterioration of global economic conditions; a
continuation or worsening of the turmoil in the credit and financial markets, which could
result in ongoing high borrowing costs or limit our funding flexibility; changes in currency
exchange rates and interest rates; the introduction of competing, fuel efficient products and
the possible lack of acceptance of our products or services which may limit our ability to
adequately utilize our production capacities or raise prices; price increases in fuel, raw
materials, and precious metals; disruption of production due to shortages of materials, labor
strikes, or supplier insolvencies; a further decline in resale prices of used vehicles; the
effective implementation of cost reduction and efficiency optimization programs at all of
our segments, including the repositioning of our truck activities in the NAFTA region; the
business outlook of Chrysler, in which we hold an equity interest and some of whose
obligations we have guaranteed; the business outlook of companies in which we hold an
equity interest, most notably EADS; changes in laws, regulations and government policies,
particularly those relating to vehicle emissions, fuel economy and safety, the resolution of
pending governmental investigations and the outcome of pending or threatened future legal
proceedings; and other risks and uncertainties, some of which we describe under the
heading “Risk Report” in Daimler’s most recent Annual Report and under the headings
“Risk Factors” and “Legal Proceedings” in Daimler’s most recent Annual Report on Form
20-F filed with the Securities and Exchange Commission. If any of these risks and
uncertainties materialize, or if the assumptions underlying any of our forward-looking
statements prove incorrect, then our actual results may be materially different from those we
express or imply by such statements. We do not intend or assume any obligation to update
these forward-looking statements. Any forward-looking statement speaks only as of the date
on which it is made.
Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer
of premium passenger cars and the largest manufacturer of heavy- and medium-duty trucks
services, including vehicle financing, leasing, insurance and fleet management. Daimler
sells its products in nearly all the countries of the world and has production facilities on five
continents. The company’s founders, Gottlieb Daimler and Carl Benz, continued to make
automotive history following their invention of the automobile in 1886. As an automotive
pioneer, Daimler and its employees willingly accept an obligation to act responsibly
towards society and the environment and to shape the future of safe and sustainable
mobility with groundbreaking technologies and high-quality products. The current brand
portfolio includes the world’s most valuable automobile brand, Mercedes-Benz, as well as
smart, AMG, Maybach, Freightliner, Sterling, Western Star, Mitsubishi Fuso, Setra, Orion
and Thomas Built Buses. The company is listed on the stock exchanges in Frankfurt, New
York and Stuttgart (stock exchange abbreviation DAI). In 2008, the Group sold 2.1 million
vehicles and employed a workforce of over 270,000 people; revenue totaled €95.9 billion
and EBIT amounted to €2.7 billion. Daimler is an automotive Group with a commitment to
excellence, and aims to achieve sustainable growth and industry-leading profitability.
Dhabi Securities Exchange. It directly invests in various sectors including energy,
infrastructure, real estate, automotive and financial services companies. Its largest
stakeholder is the International Petroleum Investment Company (IPIC), which in turn is
wholly owned by the Government of the Emirate of Abu Dhabi.
of the Emirate of Abu Dhabi. It was established in 1984 with a mandate to invest in the
hydrocarbons and related sectors. IPIC’s investment portfolio is currently estimated to be
worth more than US$14 billion, with stakes in many international companies.
مشكور طال عمرك …..