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Sovereign Wealth Funds Briefing - Categorized | Investment

Mubadala will raise stake in GE on market conditions, COO says

Posted on 23 March 2010

From Businessweek.com: Mubadala Development Co., an Abu Dhabi government-backed investor, will raise its stake in General Electric Co. as market conditions permit, Chief Operating Officer Waleed al Mokarrab said in a conference call.

Mubadala and GE “began deploying capital” from their $8 billion joint venture in the second half of last year, al Mokarrab said………………………………Full Article: Source


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