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.
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