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Aabar Investments Exploring Options Regarding Potential Co-operations Between Red Bull’s Corporate Projects and Abu Dhabi – Aabar Remains a Committed Shareholder in Mercedes GP

June 1, 2011

ABU DHABI, UAE, June 1, 2011 /PRNewswire/ — 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.

About Aabar

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.

SOURCE Aabar Investments PJS


Source: newswire



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