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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Abu Dhabi Fund Said to Be Exploring Sale of Globalfoundries

Posted on 25 November 2015

Abu Dhabi’s investment arm is considering a sale of all or part of chipmaker Globalfoundries Inc. as the emirate explores asset disposals amid a slump in crude oil, people familiar with the matter said.
Sovereign fund Mubadala Development Co. has held early talks with potential acquirers, the people said, asking not to be identified as the information is private. No final decision has been made and discussions could still fall apart, the people said. A transaction could value the business at $15 billion to $20 billion, the people said………………………………………..Full Article: Source


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