Wed, Jul 23, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment

Abu Dhabi government to invest $8.4 bln in AMD

Posted on 07 October 2008

From Bloomberg: Advanced Micro Devices Inc., the computer-chip maker struggling to compete with Intel Corp., plans to spin off its manufacturing plants as part of an $8.4 billion investment from the Abu Dhabi government.

Abu Dhabi will pay AMD $700 million for a stake in a new company that will own two plants in Germany and build another in New York. The new company, which will assume $1.2 billion of AMD’s debt, will receive as much as $6 billion from Abu Dhabi to expand the factories and get $1.4 billion in operating capital. Abu Dhabi will also pay $314 million to double its stake in AMD to 19 percent, AMD said yesterday….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 14443 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031