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Abu Dhabi's Waha buys 50 percent stake in Aerventure

ABU DHABI
Sun Jun 21, 2009 6:17am EDT

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ABU DHABI (Reuters) - Abu Dhabi's Waha Capital WAHA.AD said on Sunday it would invest about $270 million to buy a 50 percent stake in Aerventure, a unit of Dutch leasing firm Aercap (AER.N).

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"We are convinced our investments in Aerventure will significantly benefit stakeholders in both companies," Waha Capital chief executive Salem Rashid Al-Noaimi said in a statement.

(Reporting by Stanley Carvalho; Writing by John Irish)



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