Abu Dhabi's Mubadala fund takes 3.4% stake in troubled Finablr - Arabianbusiness:
A fund owned by Abu Dhabi state investor Mubadala has taken a 3.4 percent stake in troubled London-listed payments firm Finablr.
Finablr confimred the investment by MIC Capital Partners - owned and managed by Mubadala Capital, part of Mubadala Investment Co - a statement on Tuesday morning.
“They have taken a stake, over the past several weeks, in Finablr, reaching a level of disclosure required by the regulators,” a spokesman told Reuters.
Finablr Plc, the owner of currency-exchange businesses including Travelex Holdings Ltd, warned on Monday it may not be able to continue operating. Its chief executive officer Promoth Manghat has stepped down.
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