IPIC's 1MDB row likely driver for Mubadala merger | Reuters:
"The potential merger of Abu Dhabi state funds Mubadala and IPIC is likely to be driven by the latter's spat with Malaysia's 1MDB, according to bankers.
"It is almost certainly linked to that," said a UAE-based debt capital markets banker. "IPIC's name has been somewhat tainted by it."
IPIC and the Malaysian sovereign wealth fund are embroiled in a legal tussle over a debt restructuring, in which IPIC is claiming about US$6.5bn."
'via Blog this'
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