Aabar Takes Major Stake In Santander

Following Santander Brasil's double listing in New York and Sao Paulo (the US$8.1bn IPO is the largest global IPO so far this year), the Brazilian unit has attracted yet more interest. This time, it comes from Abu Dhabi's Aabar Investments, which is majority-owned by Abu Dhabi wealth fund International Petroleum Investment (IPIC). The state-linked investment fund, which has been amongst the most dynamic Gulf funds this year, has taken a US$328mn stake in the Brazilian unit of

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