Abu Dhabi sovereign fund cuts stake in US semiconductor group | Financial Times:
Mubadala Investment Company has reduced its stake in US semiconductor group Advanced Micro Devices to 6.9 per cent from 10.2 per cent.
The Abu Dhabi sovereign fund, which has been invested in AMD for 11 years, said it had sold 34.9m shares for more than $800m while also paying to convert 75m warrants into shares that would provide AMD with $448.5m.
The transaction comes after Mubadala sold 22m shares in AMD worth more than $400m last year.
No comments:
Post a Comment