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Sovereign Wealth Funds Briefing - Categorized | Investment

GE hints at deal with Mubadala for new investments

Posted on 01 February 2010

From Business24-7.ae: When a number of global corporate leaders gathered in Davos last week for the World Economic Forum, discussing the dynamics of the downturn and the road to recovery, General Electric’s top brass was hobnobbing with leaders and policymakers here in the Gulf, ensuring the world’s largest diversified conglomerate retained its edge over its numerous competitors.

“I get to come here at least once a year,” Jeffrey Immelt, GE’s Chairman and CEO, told a media gathering last weekend. “It’s quite an important business for GE………………………………….Full Article: Source

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