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Abu Dhabi’s Mubadala Looking to Expand Its Presence Over More Industries

  • CEO says ADIC merger gives fund better investment profile
  • Firm planning EGA, Cepsa IPOs and weighing EMI stake sale
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Why Has Abu Dhabi Been Merging Its Sovereign Funds Into Mubadala?

Abu Dhabi’s Mubadala Investment Co. is set to do bigger deals, scout for investments more widely and spread its presence over more industries after a recent tie-up with another local fund doubled its size.

The combination of Mubadala and the Abu Dhabi Investment Council in March created an entity with more than $250 billion of assets, enough to join an exclusive club of sovereign wealth funds and national state pension plans that compete globally with private equity for the largest acquisitions.