UAE's Mubadala and French groups in 1 bln euro investment plan

UAE's Mubadala and French groups in 1 bln euro investment plan:

"Abu Dhabi state fund Mubadala Investment said on Thursday it planned to invest millions of euros in businesses and other organisations in France under a deal signed with French state-backed investment vehicles CDC International Capital and Bpifrance.

The agreement, signed during a visit of French President Emmanuel Macron to the emirate, aims to invest up to 1 billion euros ($1.2 billion) in the French economy. The deal didn’t give a timescale for the investment.

The first part of the plan involves raising the size and scope of an existing co-investment partnership, known as FEF, which was launched in 2014 by Mubadala and CDC International Capital, a subsidiary of French state-owned Caisse des Dépôts Group aimed at investing alongside sovereign wealth funds."



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