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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Abu Dhabi hires advisers for sovereign fund merger

Posted on 17 August 2016

Abu Dhabi’s government has hired Bain & Co and Landor Associates to advise on the merger of two of the oil-rich emirate’s biggest sovereign funds, a source familiar with the matter told Reuters.
In late June, Abu Dhabi announced it would merge Mubadala Development Co and International Petroleum Investment Co and had formed a committee led by Deputy Prime Minister Sheikh Mansour bin Zayed al-Nahayan to oversee the process. The combined fund would have assets worth around $135 billion, according to Reuters calculations based on both funds’ latest financial statements………………………………………..Full Article: Source


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