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’SWFs slug it out for Morgans hotels
A battle royal is developing for some of the world’s most stylish hotels as two sovereign wealth funds from Dubai and Abu Dhabi battle for control of Morgans Hotel Group, reports The Times. Zabeel, a Dubai-based fund,
Abu Dhabi aims to join GE shareholders
Mubadala, Abu Dhabi’s increasingly powerful state investment vehicle, said Tuesday it planned to become one of the 10 biggest institutional investors in General Electric as it announced a series of deals with the US group,
Abu Dhabi’s Mubadala poised for AMD stake
Abu Dhabi is set to take a 9% stake in Advanced Micro Devices, the US chipmaker whose work includes government contracts, a deal that underlines the growing purchasing power of sovereign wealth funds. The acquisition will cost Mubadala Development about $700m,
Carlyle sells stake to Abu Dhabi
Carlyle agreed on Thursday to sell a 7.5% stake in itself to an arm of Abu Dhabi’s government – the latest US private equity group to bring in a sovereign wealth fund as a big investor. Blackstone sold a near 10% stake in its management company to the Chinese government in May.
Emir idol: sheikhs take stakes
You’re no one these days if you don’t have an Emir backing you.
In fact, the LSE should be flattered it has two. (The clash of the Emirates earlier today saw Dubai come away with a 28 percent holding and Qatar 20 per cent)
And now Mubadala Development Company of Abu Dhabi,