Mubadala signs two deals to increase investments in France
Abu Dhabi’s Mubadala Investment Company signed two agreements to increase investment in priority sectors in France during President Emmanuel Macron’s visit to the UAE this week.
The first agreement between Mubadala and Bpifrance, the French public investment bank, will extend the co-investment partnerships between the two entities by an additional €4 billion ($4.5bn), which is to be invested over the next 10 years. Under the deal, each party will commit €2bn to the French Emirati Fund Partnership (FEF Partnership) and the Innovation Partnership, Mubadala said in a statement on Saturday.
The second agreement between Mubadala and the French Ministry of the Economy, Finance and Recovery will lead to the Abu Dhabi government potentially investing €1.4bn in funds based in France or with significant exposure to the French economy.
The two deals are part of comprehensive economic agreements worth more than €15bn between Emirati and French companies to strengthen the strategic investment partnership between the two nations, according to Mubadala.
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