real6
29-07-2009, 04:41 PM
http://www.forbes.com/feeds/afx/2009/07/28/afx6706826.html
ABU DHABI, July 28 (Reuters) - Aabar Investments said on Tuesday it will take a 32-percent stake worth $280 million in Virgin Group's 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.
Article Controls
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) Keywords: AABAR VIRGIN/
(john.irish@thomsonreuters.com; +971 4 391 8301; Reuters Messaging: john.irish.reuters.com@reuters.net)
ABU DHABI, July 28 (Reuters) - Aabar Investments said on Tuesday it will take a 32-percent stake worth $280 million in Virgin Group's 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.
Article Controls
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) Keywords: AABAR VIRGIN/
(john.irish@thomsonreuters.com; +971 4 391 8301; Reuters Messaging: john.irish.reuters.com@reuters.net)