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

Mubadala chief signals more oil deals as Ipic merger advances

Posted on 08 September 2016

Mubadala Development Company, the Abu Dhabi sovereign wealth fund merging with International Petroleum Investment Co (Ipic), said potential energy deals are more attractive after the slump in oil prices drove down asset prices.
“For someone who takes a long-term view, it’s an attractive time to invest in the industry,” the Mubadala chief executive Khaldoon Mubarak said. “We as Mubadala are players in this industry. We will continue to invest in this industry, particularly in such a time where we find valuations at a low and attractive range.”……………………………………….Full Article: Source


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