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Thursday, 30 March 2017

UAE's Mubadala plans overseas investments, may also divest stakes | Reuters

UAE's Mubadala plans overseas investments, may also divest stakes | Reuters:

"Abu Dhabi state-owned fund Mubadala Investment Company is lining up new overseas investments in 2017 and may also sell or reduce some of its existing stakes in companies, its chief executive said on Thursday. Mubadala, which is merging with Abu Dhabi-owned International Petroleum Investment Company (IPIC), will not see any change it its strategy after the merger, which will be completed in May, Khaldoon al-Mubarak told Reuters in an interview. The company said in January the merged entity would have assets of about $125 billion."



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