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Sovereign Wealth Funds Briefing - Categorized | Investment

UAE’s Mubadala eyes stakes in Aerospace Partners

Posted on 18 June 2009

From Dow Jones: Abu Dhabi-based investment firm Mubadala Development Co., which holds a 0.62% stake in General Electric Co., may consider buying stakes in some of its other aerospace partners such as Finmeccanica SpA, European Aeronautic Defence & Space Co., and Rolls-Royce Group PLC.

“We’re always looking at equity where it makes sense,” Homaid Al Shemmari, Mubadala’s associate director of aerospace, told Dow Jones Newswires in an interview on the sidelines of the Paris Air Show in Le Bourget. “It’s not our goal or what drives us, but it depends if the right opportunity comes along. We’d look at out our partners on a case by case basis.” ……..Full Article (Subscription Required) : Source


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