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GE, Mubadala to commit up to $4 billion to JV

Posted on 01 June 2009

From Cpifinancial.net: GE and Abu Dhabi-owned Mubadala are currently applying for certain legal and regulatory approvals needed prior to the commercial launch of the joint venture. Once approved, the joint venture will be headquartered in Abu Dhabi.
GE and Mubadala each will allocate up to $4 billion in equity for the joint venture over a three-year period. The venture will have two strategic pillars; access to investment opportunities generated through GE Capital’s existing global origination platform; and building a Middle East and Africa platform with select focus areas aligned to both partners’ capabilities and regional presence…….Full Article: Source

 
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