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Bailey McCann, Opalesque New York:

Mubadala Investment Company will join CDC International Capital in direct investments alongside sovereign wealth funds, and Bpifrance, in a new investment vehicle aimed at private and direct investments in the French economy.

Mubadala Investment Company is the Abu Dhabi-based strategic investment vehicle. CDC International Capital and Bpifrance are affiliated with Caisse des Dépôts Group and the French government.

Signed during President Macron's recent official visit to Abu Dhabi, the objective of the partnership is to invest up to one billion Euros in co-investments and technology investments. The co-investment program, known as the Franco-Emirati Fund, which was launched by CDC International Capital and Mubadala in 2014 to support the development of French companies within a proven growth potential, will be increased by 500 billion Euros. FEF has already committed nearly 300 million Euros through long-term investments in healthcare, education, elderly care and real estate.

Bpifrance and Mubadala will also invest up to 500 million Euros in startups and more mature technology companies through both direct investments and venture capital funds. The program will focus on information and communication technologies, biotech, green tech and other fast-rising technology sectors.

"We see France as a significant growth market, in both established and new enterprises. We want to build on our successful partnership by expan......................

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