Abu Dhabi's Mubadala halts Abraaj investment deal talks | ZAWYA MENA Edition

Abu Dhabi's Mubadala halts Abraaj investment deal talks | ZAWYA MENA Edition:

"Abu Dhabi state investor Mubadala has halted talks to buy Abraaj's investment business, two sources said, in a blow to the private equity firm which is facing an investigation by investors into how it used some of their money.

Dubai-based Abraaj, which denies any wrongdoing, is considering selling some or all of the unit following a row with four investors, including the Bill & Melinda Gates Foundation and the World Bank's International Finance Corporation, over how it used their money in a $1 billion healthcare fund.

Mubadala, which has more than $200 billion in assets, and Abraaj held initial talks a month ago, but these did not progress, one of the sources told Reuters."



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