ABU DHABI, July 28 Aabar Investments AABAR.AD
said on Tuesday it will take a 32-percent stake worth $280
million in Virgin Group's VA.UL space unit Virgin Galactic.
In a filing on the Abu Dhabi bourse website, the investment
firm said the deal was still subject to U.S. and other
regulatory approvals, but said it had committed an additional
$100 million to fund a satellite launch capability.
Aaabar, an investment vehicle of the Abu Dhabi government,
plans to build a spaceport in the United Arab Emirates capital.
The deal gives it regional rights to host Virgin Galactic
tourism and scientific reseach space flights, it said.
(Reporting by John Irish; Editing by Amran Abocar)