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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Mubadala is said to explore SR Technics sale, Satellite IPO

Posted on 29 February 2016

Mubadala Development Co, the Abu Dhabi investment fund, is considering the sale of Swiss aircraft-maintenance business SR Technics and an initial public offering of Yahsat Satellite as the emirate reviews its largest state- owned companies, according to four people with knowledge of the matter.
The government-backed fund has held talks on the possible transactions with banks and any deal will depend on market conditions, the people said, asking not to be identified because the talks are private. Mubadala is also seeking the sale of a stake in US chipmaker Globalfoundries Inc, one of the people said………………………………………..Full Article: Source


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