Report: Dubai sells DaimlerChrysler shares on higher price

Dubai International Capital, a $6 billion private equity firm, said today that it sold some of its shares in DaimlerChrysler in order to profit from higher share prices reports Reuters. DaimlerChrysler shares were surging more than 20 percent since the announcement of Dubai International Capital’s intentions to sell around 20 million shares was made back in November.

Since the announcement, Chief Executive Sameer al-Ansari, has become the fourth-largest shareholder in DaimlerChrysler, according to most recent Reuters data.

Source: Reuters