Aabar Investments Exploring Options Regarding Potential Co-operations Between Red Bull's Corporate Projects and Abu Dhabi - Aabar Remains a Committed Shareholder in Mercedes GPBy Aabar Investments Pjs, PRNE
Tuesday, May 31, 2011
ABU DHABI, UAE, June 1, 2011 -
Aabar Investments PJS ("Aabar") is currently evaluating
options of a potential project based cooperation with Austrian based Red
Bull. These exploratory talks are at a very early stage and are being held on
board level of both companies. They comprise possible joint activities
between Red Bull's corporate projects and Abu Dhabi - they neither include
Red Bull's Formula 1 Teams nor Red Bull's beverage business.
"Red Bull is an outstanding organization with an unparalleled
global footprint. Aabar is aware of various potential fields in which there
could be a fruitful co-operation with Red Bull," said Mohamed Al-Husseiny,
CEO of Aabar.
At the same time Aabar reiterates its firm and lasting
commitment as a 40 percent stakeholder in Formula 1 Racing Team Mercedes GP.
Aabar is an investment company headquartered in Abu Dhabi with
investments around the world. It invests in various sectors including
financial services, automotive, real estate, energy, manufacturing &
technology and aerospace, with many of its investments being made by way of
international partnerships and alliances. Its largest stakeholder is the
International Petroleum Investment Company (IPIC), which is wholly owned by
the Government of the Emirate of Abu Dhabi.
For more information, please contact: Mohamed Badawy Al-Husseiny, Aabar Investments PJS, +971-2-626-4466, info at aabar.com, www.aabar.com
Tags: Aabar Investments Pjs, Abu dhabi, June 1, Middle East, uae