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UAE's Aabar buys $328 million Santander Brasil stake
October 11, 2009 / 4:29 AM / 8 years ago

UAE's Aabar buys $328 million Santander Brasil stake

DUBAI (Reuters) - Abu Dhabi’s Aabar Investments AABAR.AD invested $328 million in depositary shares issued by Banco Santander’s Brazilian unit (SANB11.SA) in the unit’s initial public offering, Aabar said in a statement on Sunday.

Aabar is a listed investment company controlled by Abu Dhabi’s state-owned investor International Petroleum Investment Company, or IPIC.

Reporting by Thomas Atkins; Editing by Jason Benham

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