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Sovereign Wealth Funds Briefing - Categorized | Investment

Stake increase in ADF is not a bailout, says Mubadala

Posted on 10 June 2009

From Business24-7.ae: Mubadala’s plans to increase its stake in the recently launched home lender Abu Dhabi Finance (ADF) from 20 to 52 per cent should not be viewed as a bailout, Abu Dhabi government’s investment arm said.

“Absolutely not,” said Ali Eid Al Mehairi, Development Director at Mubadala and Chairman of ADF, when asked if the cash injection was a bailout for credit challenges the new entity was facing……..Full Article: Source


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