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Sovereign Wealth Funds Briefing - Categorized | Investment

Mubadala raises stakes in Piaggio Aero

Posted on 18 November 2013

After making a €190 million cash infusion, Tata Ltd., the British arm of the Indian Tata Group, and Abu Dhabi-based Mubadala Development became the main shareholders of Piaggio Aero Industries, while Piero Ferrari remains as a minority stakeholder. Before the transaction, Tata and Mubadala each owned a one-third share in the company.
As a result of the “subscription,” Tata now holds 44.5 percent of the Italian aircraft manufacturer, with Mubadala owning 41 percent and Ferrari 2 percent. The HDI hedge fund, which did not subscribe to the capital increase, still retains 12.5 percent of the company………………………………………..Full Article: Source


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