01.07.2016 - IPIC merger with Mubadala not linked to 1MBD - source
International Petroleum Investment Co's legal tussle with Malaysia's 1MBD was not a consideration in its proposed merger with fellow Abu Dhabi investment firm Mubadala, a person close to IPIC said. "The merger will bring together two of Abu Dhabi's significant investment companies each with their respective strengths to create an even larger more efficient company with combined assets of US$135bn," the person close to IPIC told IFR on Thursday. "In a deal on this scale, 1MDB was not a consideration."..............................................Full Article: Source
Print