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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GloFo Sale: Report Says Abu Dhabi Holding Talks

Posted on 27 November 2015

Abu Dhabi sovereign wealth fund Mubadala Development Co. has held talks with potential buyers for all or part of Globalfoundries Inc. according to a Bloomberg report that cited unnamed sources. The report added that the company might fetch $15 billion or $20 billion if a deal goes ahead but did not name any potential buyers.
However, it was reported back in September that Hua Capital Management, which looks after China’s national IC investment fund, had approached Globalfoundries over possible cooperation. Abu Dhabi is reviewing its state-owned companies, including Mubadala, for potential asset sales as the emirates finances come under pressure due to the current collapse in oil prices………………………………………..Full Article: Source


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